Tax obligations when renting out your Property in Mexico
Renting your condo out when you're not using it? Here's a peak at your tax obligations:
*You must register as a person or as a corporation with SAT under the TENANT or LEASING tax regime.
*You must issue FACTURAS for rents received, charge, report, and pay the IVA (VALUE ADDED TAX)
*You must report your earned income and pay ISR (TAX OVER PROFITS) you're entitled to some deductions here.
*Leases of less than 6 months are obliged to pay a 3% municipality lodging fee
*These obligations are exactly the same if you use a company to rent the property on your behalf.
I can help you lower the ISR tax obligation through our Copyrighted ©️ strategies.
A good article on that topic: https://expansion.mx/finanzas-personales/2021/11/11/cuales-son-obligaciones-arrendador-sat