Tax Considerations for Foreign Investors in Mexico
A great question that is a real concern for many foreign investors considering living and doing business in Mexico. The tax system of this country may seem complicated, but if you figure it out, everything becomes much simpler. The website https://www.fastmexresidency.com/ has useful information for those who are planning to become a resident of Mexico and want to understand the tax nuances. For example, it's important to know that residents of Mexico, regardless of citizenship, are required to pay taxes on income from all sources around the world. This includes both income from local investments and from abroad. However, if you invest in the local economy, there are certain tax incentives and support programs. In addition, Mexico has double tax treaties with a number of countries, which allows you to avoid paying taxes twice on the same income.
I believe that each case is different and tax liabilities may vary depending on your income structure and your country of citizenship. Double tax treaties are a really useful tool, but it is important to understand their details to avoid mistakes.