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Subject: Re: Mexico tax on World Wide Income? Posted on: Thu, 03 Jul 2003 20:38:55 PDT

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On 2 Jul 2003 21:45:19 -0700, pinkie@telus.net (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


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