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Mexican Tax Law: Non-Residents
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Lease of Real or Personal Property Non-Residents: Income derived from the lease of real or personal property is taxed at a flat rate of 25% with no deductions, except for the lease of railroad cars, containers, airplanes, and ships for commercial transportation, which is taxed at 5%.
Capital GainsGains from the sale of shares or securities representing property located in Mexico, fixed assets, securities, or shares of Mexican companies are taxed at a flat rate of 20% of the gross proceeds of the sale. However, the non-resident may elect to pay tax at the rate of 25% on the net taxable gain realized, provided that the non-resident has a legal representative in Mexico who will calculate and pay the corresponding tax to the tax authorities. If the seller is a resident of a low-tax jurisdiction (tax haven), such seller can only apply the 25% rate. Joint Liability of WithholderAny company resident in Mexico or permanent establishment in Mexico must comply with the withholding and payment of taxes on behalf of third parties. If such taxes are not withheld and paid to the tax authorities, aside from imposing surcharges and penalties on the company, the latter is not authorized to deduct them as expenses for income tax purposes. Return to top |
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Busines Practices in Mexico: The Social Arena
Become familiar with the expected methods of social interaction in Mexico. Make sure you know the local customs before diving into your first business meeting.
| | Doing Business with Mexico
Doing business "with" Mexico suggests engaging in international trade directly from the home office. Doing business "in" Mexico suggests the additional step of establishing a physical presence in Mexico and regularly engaging in commercial activities. Which would be best for your business? Click here to learn more.
| | Doing Business with Mexico, Part II
What business activites are you interested in starting up in Mexico? Will you have to pay taxes? Find out how to answer these questions about your new business with Mexico in this article.
| Chambers of Commerce in Mexico
Find contact information on Chambers of Commerce in Mexico, for both local and foreign offices.
| | Setting Up A Business: Incorporating
When you're ready to incorporate your business, look to this site. SolutionsAbroad outlines the 5 main steps necessary for creating a corporation in Mexico. We also include reasonable expectations for how long the process will take.
| | Setting Up A Business: Permanent Establishment
How do you set up a business in Mexico? What options are there? Start reserarching in this section to find out what types of businesses and corporations foreigners can establish in Mexico.
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