MexicoAccounting and Audit
An individual resident in Mexico is liable for personal income tax on his or her worldwide income. Nonresident individuals are taxed on all their Mexican-source income, generally by way of withholding taxes (see "WITHHOLDING TAXES" and, in the case of business activities, "TAXATION OF NON RESIDENT COMPANIES"). For tax purposes, a resident individual is a person who has established a home in Mexico, unless that person remains in another country for over 183 days within the calendar year and can prove that tax residence has been acquired in that other country. When an individual resident in Mexico changes his or her place of residence to another country during a calendar year, provisional tax payments are regarded as definitive and no annual return need be filed.
We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.
