INSIDE LAKESIDE
Log In or Register

Check your spam/junk folder for activation e-mail after you register.

Mexican Income Taxes For Permanent Residents

View previous topic View next topic Go down

Mexican Income Taxes For Permanent Residents

Post by NCJAMES on Sat Jun 17, 2017 9:32 am

I have seen two different viewpoints on this subject. One is that American expats in Mexico who work for an American company do not pay income taxes on their salary. They would only pay taxes on income earned from a Mexican company or self-employment, rental income, interest etc. earned in Mexico. Another viewpoint states that you must report all worldwide income but will get a credit for taxes paid to other countries. Which one is correct? Also, if you are retired and living in Mexico on social security and retirement savings only from the U.S. , are there any income tax implications.

One last question. Is the only benefit to becoming a permanent resident in Mexico the free government health insurance? I am considering moving to Aiijjic, but would purchase private health insurance. So, would their be any advantages for me to apply for permanent residency?

Thanks!

NCJAMES
Newbie
Newbie

Posts : 1
Join date : 2017-06-17

Back to top Go down

Re: Mexican Income Taxes For Permanent Residents

Post by RVGRINGO on Sat Jun 17, 2017 10:04 am

Your information is very confused. Please review your sources and read them very carefully.
If you are paid in the USA, you will be taxed in the USA.
If you are paid in Mexico, you will be taxed in Mexico & still report to IRS.
You may work in Mexico with Residente Permanente visa. Notify INM.
Residente Permanente may not have a US or other foreign vehicle.
Residente Permanente may join Seguro Popular; not always free.
Private health insurance may be unavailable to elders or those with pre-existing conditions; so, check policy details very carefully. Routine care will generally be out of pocket, rather than insured.

RVGRINGO
Share Holder
Share Holder

Posts : 945
Join date : 2011-02-16

Back to top Go down

Re: Mexican Income Taxes For Permanent Residents

Post by CanuckBob on Sat Jun 17, 2017 10:43 am

Also, sticking with a tourist visa (FMM) requires you to leave the country every 6 months to apply for another one.

Canada has a tax treaty with Mexico which means if you pay income taxes in Mexico you don't have to pay in Canada as well. Does the US have a similar agreement RV?

_________________
Vacation Rentals
www.casadecomo.webs.com
avatar
CanuckBob
Humble Administrator
Humble Administrator

Posts : 12542
Join date : 2010-04-04
Age : 53
Location : Lake Chapala (from Vancouver)
Humor : Sick and twisted

http://Www.casadecomo.webs.com

Back to top Go down

Re: Mexican Income Taxes For Permanent Residents

Post by RVGRINGO on Sat Jun 17, 2017 2:32 pm

Yes, the USA does, and you are not taxed twice.

RVGRINGO
Share Holder
Share Holder

Posts : 945
Join date : 2011-02-16

Back to top Go down

Re: Mexican Income Taxes For Permanent Residents

Post by CanuckBob on Sat Jun 17, 2017 2:57 pm

Excellent. Another good reason to live in Mexico if you are planning on living and earning abroad.

_________________
Vacation Rentals
www.casadecomo.webs.com
avatar
CanuckBob
Humble Administrator
Humble Administrator

Posts : 12542
Join date : 2010-04-04
Age : 53
Location : Lake Chapala (from Vancouver)
Humor : Sick and twisted

http://Www.casadecomo.webs.com

Back to top Go down

Re: Mexican Income Taxes For Permanent Residents

Post by Sponsored content


Sponsored content


Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum