Has anyone had any dealings with paying Mexican tax on foreign income ( pensions, etc.)??
Re: foreign tax
Posted by Daniel H on April 25, 2023, 8:53 am, in reply to "foreign tax"
Assuming you are not a citizen of Mexico (If you are a citizen of Mexico see below) but do have an RFC number, are making money here, and are paying annual Mexico taxes.
I am a Mexican citizen and don't pay taxes on my social security from the US.
Prompt - Does Mexico make citizens pay taxes on foreign income?
ChatGPT4 - Mexico taxes its residents on their worldwide income, which includes foreign income. Therefore, if you are a Mexican citizen or a resident of Mexico, you are generally required to pay taxes on any income earned from foreign sources. However, there may be exceptions or special rules depending on the nature of the income and the tax treaty between Mexico and the foreign country in question. It is advisable to consult a tax professional or the Mexican tax authority for specific advice regarding your individual situation.
prompt - please provide links to that answer
Here are some links to official sources that provide information on Mexico's tax laws regarding foreign income:
Mexican Tax Administration Service (SAT): This is the official website of the Mexican tax authority, where you can find information on tax laws, regulations, and procedures in Mexico. https://www.sat.gob.mx/english/Paginas/default.aspx
Mexican Tax Treaties: Mexico has entered into tax treaties with several countries to avoid double taxation and to promote trade and investment. You can find information on Mexico's tax treaties on the SAT website. https://www.sat.gob.mx/english/Paginas/international_tax.aspx
Please note that these sources provide general information and may not address your specific situation. Therefore, it is recommended to consult a tax professional or the Mexican tax authority for personalized advice.