What You Need to Know About Your Rental Property and Mexico’s tax laws.
The Mexican Government has made it possible for foreigners to acquire property in the restricted zones in Mexico. Now foreigners can purchase beach front property, and many will use this property as a rental income property. For years foreign property owners have not paid their rental income taxes. Vacation property income seemed to fall under the radar of taxable income in Mexico, until recently. Whether you are investing in Mexico, doing business in Mexico or retiring in Mexico, you need to learn about the Mexican tax system. Consult a tax attorney in Mexico when you make an investment purchase or rent...
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