Foreign resident capital gains taxation in Mexico: a practical guide
October 26, 2023
ITR - International Tax Review
In this article written for ITR (International Tax Review), our partner Juan José Paullada and associate David Guakil, explain how taxes apply to non-Mexican residents selling shares in Mexico.
"Article 161 of the Mexican Income Tax Law (MITL) provides that income derived from the sale of shares by non-Mexican residents shall be considered to be of Mexican source and subject to tax in Mexico."