Hola a Todos!
This is Augusto Corallo from TCF Mexico City.
Let me explain a little about the Resident individuals tax who are subject to Mexican income tax on their worldwide income, regardless of their nationality. In this light, Non-residents, including Mexican citizens who can prove residence for tax purposes in a foreign country, are taxed only on their Mexican-source income.
Non-residents are subject to Mexican tax on gains arising from sales of real property located in Mexico as well as the sale of shares of Mexican companies outside the Mexican stock exchange. Moreover, it includes the shares of foreign companies holding a significant amount of Mexican real property.
The tax rate applicable to compensation will vary from 15% to 30% in the event the employee was considered a non-resident for Mexican tax purposes. Non-residents are subject to withholding taxes (WHTs) on Mexican-source interest income at rates varying from 0% to 30%, depending on several factors.
