When you get a temporary residence visa, do you file income tax returns in Mexico or do you live in Mexico but file tax returns in Canada (I am Canadian). There is a tax treaty between Mexico and Canada. Thanks
Temporary Residence Visa and taxes
68
14
it is best you check with the Immigrartion they can help with all this or SAT office
68
What is the SAT office??? I know a few people who live in Mexico but file taxes in Canada - they seem to be "residents" of two countries and this is not correct. Trying to figure it out as I don't want to pry.
2460
Generally speaking if you don't work in Mexico you don't pay taxes. If you have property or a business in Mexico that might change things . The US has an agreement with Mexico . There will be those who disagree strongly . But I take my direction from the officials on this one.
It seems that you are saying Canada also has an agreement with Mexico. So if you have a business, or property you should consult a lawyer.
22
If your business is registered in Mexico or of you work for a company that is registered in Mexico andnyou are working in Mexico from that office then yes you will pay taxes. You won't pay U.S. taxes since you are working and residing outside the U.S. HOWEVER, if say you are working remotely in Mexico and not from a registered company in Mexico then you won't pay Mexican taxes. Consequently if you establish residency in mexico or OUTSIDE the U.S. for 330 days in a calendar year, you will be exempt from U.S. taxes up to ~$120K per year. Any amount over that you are "required" to report 🤣🤣
22
If your business is registered in Mexico or of you work for a company that is registered in Mexico andnyou are working in Mexico from that office then yes you will pay taxes. You won't pay U.S. taxes since you are working and residing outside the U.S. HOWEVER, if say you are working remotely in Mexico and not from a registered company in Mexico then you won't pay Mexican taxes. Consequently if you establish residency in mexico or OUTSIDE the U.S. for 330 days in a calendar year, you will be exempt from U.S. taxes up to ~$120K per year. Any amount over that you are "required" to report 🤣🤣
Subscribe to this topic
Articles to help you in your expat project in Mexico
The Working Holiday Visa for Mexico
Mexico is a destination that has something special for everyone — with its fabulous beaches, ancient ruins ...
Visas for Mexico
Foreign nationals planning to move to Mexico can choose from a range of visas. If you want to stay in the country ...
Working in Mexico
When I arrived in Mexico in1992 I worked for Time share companies and the work visa, FM3, was handled and paid ...
Living but not Working in Mexico
Based on my two years living in Mexico, I recommend making a trip to the Mexican Consulate in your home country ...
Renewing your FM3 Visa
If you are working in Mexico as a non-immigrant, then every year you must renew your FM3 visa. If you are looking ...
Mexico relocation in 5 easy steps
So you want to move to Mexico? Me too! How do we do it? Expatriating has it's share of bureaucracy, and ...
Open a bank account that suits you
Discover the best international banks to manage your money securely.
"