Owning real estate in Mexico, and especially in the Riviera Maya, can have many advantages for you and your family. Having a vacation home in one of Mexico’s most popular destinations and earning extra income is considered having the best of both worlds. Throughout the years, many foreign investors have created a … [Read more...] about Tax Obligations on Vacation Rentals in Mexico
taxes for expats in mexico
International Taxes Between the United States and Mexico
Having the opportunity to relocate to a foreign country can create a greater financial positioning for you and your family. It lends to experiencing a different culture, simpler living habits and, in most cases, lowering your cost of living. But like anywhere else in the world, paying taxes is not something you can … [Read more...] about International Taxes Between the United States and Mexico
Capital Gains Tax Options When Selling Your Home in Mexico
Tax options when selling your home in Mexico are very similar to the United States and Canada. The government requires you to pay taxes on any capital gains made when selling a property in Mexico. There are two tax options when you sell your home: After itemizing any allowable deductions, you will forfeit 35% of … [Read more...] about Capital Gains Tax Options When Selling Your Home in Mexico
Taxes for Expats in Mexico
Things can get tricky if you are new to Mexico and plan on living and working here. As foreigners, you need to know what rules to follow, especially when it comes to taxes. Expats living and investing in Mexico will be responsible for paying tax for any property they own. Also, if you earn an income from renting your … [Read more...] about Taxes for Expats in Mexico