Tuesday, July 12, 2011

First Time Paying Taxes in Mexico

As this article states, if you're an expat in Mexico, the taxes you’ll pay will end up depending on your situation: "If you own property in Mexico you’ll have real estate taxes. If you rent out that property or own a business, have a job, or have interest-bearing bank accounts, you’ll owe income tax"..."Even if you have none of these, you’ll still pay sales tax at shops and value-added tax when you eat out at restaurants."

Either way, it's a very good idea to find an international tax specialist that will guide you through your first tax experience abroad.

Click here to read more about this very real necessity before making a big move overseas.

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