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Updated almost 2 years ago,
Tax advice for investing in Mexico and Tulum
Good morning everyone,
Newbie here
I am travelling to Mexico next week to complete my research for an investment in Tulum.
You have been extremely helpful on other post gathering a ton of info for which I thank you ( thank you Mike).
Now it's time to go there and see and visit a few locations and developments, compare and hopefully decide.
Now, I haven't been able to find reliable information about taxation on rentals for non residents or alternative channels for the investments.
Alm I read is that , as a a non resident individual, rental incomes are taxes at 25% with no possible deduction.
I dont know if it is possible to simply declare your taxes locally with corresponding deductions and what requirements you would need ti be able to register locally.
Second option would be to create a Mexican company and this would be the vehicle to buy the property.
Again , I don't know whether this could be a better option for a sole property. I'm thinking long term, minimum 10-15 years.
First option has the Fideicomiso costs, both issuance and maintenance. Second has the costs of creating a Company in Mexico plus the services of a local accountant or Tax advisor.
Furthermore, a company will certainly be able to consider deductions over the Income.
I wonder if you could share your experiences and advice in these regards and I'd very much appreciate if you could share the contact of some local reliable Accountant/ Tax advisor.
I'm certain I need proffesional advice on this topic.
Thanks in advance and greetings from Munich