Mexican Earnings - Taxable or not?? David Holroyd replies for
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david ingram replies:
I passed this question to my associate David
Holroyd (a US – Canada - Mexico consultant) who still spends half the year in
Mexico and lived in Guadaljara for 10 years or so.
David Holroyd replies:
Since he is a Mexican resident and the money
comes from Mexican sources
the SHCP has the right to tax this income.
There are specific headings on the Mexican forms for interest and dividends. The problem comes with
capital gains, for which there does not
appear to be a separate heading.
The taxpayer could lump them in with
dividends. If the questioner does
not already have a number for the Registro
Federal de Contribuyentes he
has to go to his nearest Hacienda (SHCP)
office and apply for one.
He will receive a CURP number at the same
time. The number from the RFC and
CURP will both be shown on the tax form.
Unfortunately he will then have
to file regular reports every 2 or 3 months to report his investment
income.
David Ingram's US / Canada Services
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Disclaimer: This question has been answered without
detailed information or consultation and is to be regarded only as general
comment. Nothing in this message is or should be construed as advice
in any particular circumstances. No contract exists between the reader and the
author and any and all non-contractual duties are expressly denied. All readers
should obtain formal advice from a competent and appropriately qualified legal
practitioner or tax specialist for expert help, assistance, preparation, or
consultation
David Ingram gives expert income tax &
immigration help to non-resident Americans & Canadians from New York to
California to Saudi Arabia to Mexico to China or Chile - Cross border, dual
citizen - out of country investments are all handled with competence &
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