You’ve just arrived in Mexico? You’re probably worried about paying your taxes. We’ve covered that for you. Here are the main things you should be aware of when it comes to taxes in Mexico.

First of all, as a foreign resident working in Mexico, you have 10 days to register with the Federal Register of Taxpayers (FRT).

Note that if you own a house in Mexico and you rent it, you’ll have to go through this process as well.

Income taxes

As a resident in Mexico, you will pay your taxes in the country on money earned anywhere in the world. You are considered resident for taxes purpose if your primary home is in Mexico and you live more than 183 days a year in the country.

Note that if you paid foreign taxes on income earned in France for example, you will receive a tax credit. This is possible because of the non-double taxation agreements Mexico signed with several countries.

Non-residents pay 15% or 30% tax on their Mexican income. The first MXN 125,900 (USD $7,000) is exempt in most cases.

Income taxes in Mexico depend on your level of income and are progressive:

Property taxes

If you own a property in Mexico, you will have to pay taxes. Local property tax is paid annually. It is called the “predial” in Spanish. It depends on the “castastro” value of your property. This value is defined by the municipality and represents a small fraction of the commercial value of the property. Local property tax is very low compared to other countries.

You’ll find here helpful articles about the Mexican tax system: is a news site only and not a currency trading platform. is a site operated by TransferWise Inc. (“We”, “Us”), a Delaware Corporation. We do not guarantee that the website will operate in an uninterrupted or error-free manner or is free of viruses or other harmful components. The content on our site is provided for general information only and is not intended as an exhaustive treatment of its subject. We expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of our site, any you may not rely thereon for any purpose. You should consult with qualified professionals or specialists before taking, or refraining from, any action on the basis of the content on our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content posted on this site has been commissioned by Us, but is the work of independent contractors. These contractors are not employees, workers, agents or partners of TransferWise and they do not hold themselves out as one. The information and content posted by these independent contractors have not been verified or approved by Us. The views expressed by these independent contractors on do not represent our views.