🇲🇽 Mexico

Money guides: Mexico

Every guide for Mexico, grouped by topic.

Mexico · Taxes

I'm moving goods without complemento Carta Porte — what are the fines?

Moving goods within Mexico requires a CFDI with the Carta Porte complement, issued before the trip — it proves legal possession of…

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Mexico · Taxes

My CFDI 4.0 invoice got rejected — the name was off by one letter. Really?

Yes, really. CFDI 4.0 validates the recipient's data against SAT's padrón (registry), and four fields must match exactly: the reci…

2 min readRead →
Mexico · Cross-border

I'm a dual US-Mexican citizen — does that change my tax situation?

For the IRS, dual citizenship changes nothing: a US citizen must report worldwide income and file a US return whether they hold on…

3 min readRead →
Mexico · Cross-border

Is the FBAR deadline really April 15 like taxes, or is there an extension?

Both. FinCEN Form 114 is due April 15 — and FinCEN grants an automatic extension to October 15 with no request needed. The extensi…

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Mexico · Cross-border

Is the $10,000 FBAR threshold based on year-end balance or the highest balance during the year?

The highest balance — specifically, the aggregate maximum value of all your foreign financial accounts at any time during the cale…

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Mexico · Cross-border

I bought a house in Mexico through a fideicomiso — how does the IRS treat it?

If your fideicomiso is the plain-vanilla kind — a Mexican bank holding legal title to one property in the restricted zone while yo…

3 min readRead →
Mexico · Immigration

I got my residente temporal visa — what happens at INM within 30 days of entering Mexico?

The consulate visa was only step one. Under Article 59 of the Ley de Migración, you have 30 calendar days from the day you enter M…

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Mexico · Taxes

Do I really have to add 16% IVA to my freelance invoices in Mexico?

Yes — for Mexican clients. IVA (VAT) is a pass-through tax: you collect it from the client, hold it, and remit it monthly. The gen…

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Mexico · Cross-border

Do I have to report my Mexican bank interest on my US return?

Yes. US citizens report all interest income worldwide, and Mexican bank interest goes on Schedule B (Form 1040), Part I — even tho…

3 min readRead →
Mexico · Immigration

Can I apply at any Mexican consulate, or does it matter which one?

It matters. There is no strict rule locking you to the consulate nearest your home — Mexico's own guidance speaks of applying at t…

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Mexico · Taxes

Mexico ISR Income Tax 2026: Personal Brackets, Corporate Rate and Filing Rules

Mexico taxes income through the Impuesto sobre la Renta (ISR), and the system looks familiar to anyone who has dealt with progress…

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Mexico · Taxes

Mexico Small Business Taxes 2026: IVA, RESICO and the RFC

If you run a small business in Mexico — a freelancer, a landlord with a couple of units, a tiny services company — three things sh…

5 min readRead →
Mexico · Immigration

Mexico Residency Visa Guide 2026: Temporary vs Permanent, Income Requirements and the Consulate Process

Mexico runs one of the world's most accessible residency systems: no points test, no lottery, no job offer required for the main r…

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Mexico · Immigration

How much money do I actually need to show for Mexico temporary residency in 2026?

For 2026, the official formula is 680 days of UMA per month of income — 680 × $117.31 = $79,771 MXN per month, proven over the las…

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Mexico · Cross-border

US–Mexico Cross-Border Tax 2026: Treaty Withholding, Americans in Mexico and Mexicans in the US

The US–Mexico corridor is one of the busiest cross-border tax situations in the world: American retirees and remote workers settli…

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Mexico · Trade

Mexico–US–Canada Trade 2026: USMCA Rules of Origin, IMMEX Manufacturing and the Joint Review

The United States–Mexico–Canada Agreement (USMCA, known as T-MEC in Mexico) replaced NAFTA on 1 July 2020, and 2026 turned out to …

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Mexico · Taxes

PUE or PPD on the invoice — I picked wrong, and the client already paid. Now what?

First, the definitions: PUE (pago en una sola exhibición) means the operation was paid in full at or before the invoice was issued…

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Mexico · Taxes

I'm a freelancer in Mexico — what is RESICO and should I use it?

RESICO (Régimen Simplificado de Confianza) is Mexico's simplified tax regime for individuals: instead of the regular ISR progressi…

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Mexico · Taxes

I'm a foreigner — how do I get an RFC, and can I get paid in Mexico without a CFDI?

Short version: you get the RFC in person at a SAT office with a prior appointment (cita), bringing your migratory document, CURP, …

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Mexico · Taxes

My clients are all in the US — do I still charge 16% IVA on my invoices?

Not necessarily. Services exported from Mexico can qualify for 0% IVA under LIVA Article 29 — but it is not automatic, the conditi…

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Mexico · Taxes

Vendors in Mexico won't give me a factura — how do I demand one?

You have the right to one, and SAT agrees with you. Issuing a CFDI is the vendor's legal obligation (CFF Art. 29, requirements in …

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Mexico · Cross-border

Are there tax implications when I wire money from my US bank to my Mexican account?

The wire itself is not a taxable event — moving your own money between your own accounts creates no tax. The fear of a "transfer t…

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