If you’re considering applying for residency in Mexico, we’ve put together this collection of resource links and keynotes from our own research into the topic.
Taxation in Mexico for Expats
Key takeaway: If you have operations in Panama and Mexico, income should go into Panama and Mexico should bill the Panama corporation for services rendered. If income goes into Mexico, the SAT can deny the corresponding deduction when you make a transfer to Panama. If income goes to Panama, Mexico has nothing to say about the inbound transfer.
Key takeaway: Mexico taxes expat residents on their worldwide income.
Key takeaway: in the 100K per year range income taxes in Mexico would be at a rate of 34%.
Tax Summary Information: https://taxsummaries.pwc.com/mexico/individual/taxes-on-personal-income