Mexico tax on World Wide Income?

Old Jul 2nd 2003, 4:45 pm
  #1  
Lea Fraser
Guest
 
Posts: n/a
Default Mexico tax on World Wide Income?

Hi All,

Any experienced expats out there?

I'm Canadian, and my work keeps me travelling around the world 10
months of the year. With the remaining two months, I'd like to
establish residency in Mexico and live tax-free, but I have some
questions:

1) Does Mexico tax US or Canadian visa-holding foreigners on
world-wide income if they're only there for 1-2 months per year?

2) Is an FMT (tourist visa) enough to legally reside in Mexico? Or
does one need an FM3 (temporary immigrant visa)?

3) I believe Mexico legislation says that all residents are taxable on
world-wide income, but is that true *in practice* with regards to
foreigner-residents? If it's the case, how would one ensure that one
is not taxed? (I've heard a lot of conflicting advice, some of which
from professional sources, and also from the Mexican Consulates.)

4) Is it advisable or faster to obtain an FM3 from a freelancer or
realty agent rather than a Mexican government office? Are there less
hoops to jump through using that route? (with regards to paperwork
and proof of income, medical status, etc.)

5) Lastly, does anyone know if an FMT (tourist visa) is sufficient (in
conjunction with cutting ties with Canada) for establishing
non-residence status with the Canadian gov't?

best regards
-Lee
 
Old Jul 3rd 2003, 3:38 pm
  #2  
Jackson
Guest
 
Posts: n/a
Default Re: Mexico tax on World Wide Income?

Try : >

On 2 Jul 2003 21:45:19 -0700, [email protected] (Lea Fraser) wrote:

    >Hi All,
    >Any experienced expats out there?
    >I'm Canadian, and my work keeps me travelling around the world 10
    >months of the year. With the remaining two months, I'd like to
    >establish residency in Mexico and live tax-free, but I have some
    >questions:
    >1) Does Mexico tax US or Canadian visa-holding foreigners on
    >world-wide income if they're only there for 1-2 months per year?
    >2) Is an FMT (tourist visa) enough to legally reside in Mexico? Or
    >does one need an FM3 (temporary immigrant visa)?
    >3) I believe Mexico legislation says that all residents are taxable on
    >world-wide income, but is that true *in practice* with regards to
    >foreigner-residents? If it's the case, how would one ensure that one
    >is not taxed? (I've heard a lot of conflicting advice, some of which
    >from professional sources, and also from the Mexican Consulates.)
    >4) Is it advisable or faster to obtain an FM3 from a freelancer or
    >realty agent rather than a Mexican government office? Are there less
    >hoops to jump through using that route? (with regards to paperwork
    >and proof of income, medical status, etc.)
    >5) Lastly, does anyone know if an FMT (tourist visa) is sufficient (in
    >conjunction with cutting ties with Canada) for establishing
    >non-residence status with the Canadian gov't?
    >best regards
    >-Lee

Jack from Taxacola (formerly Pensacola), Florida

 

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us - Manage Preferences Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Your Privacy Choices -

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.