Mexican residents who receive donations from their parents, their children, their wife or husband, or their wife or civil partner do not pay ISR on this income.
Money transfers from Mexicans living in the United States (or in a country other than their country of origin) to their families living in Mexico are called remittances.
Do people have to pay taxes when they receive remittances?
But do people have to pay taxes when they receive remittances?
According to Ariana Elizabeth Martínez Molina, member of the Fiscal Development Commission 2 of the Mexican College of Auditors, no taxes are paid on transfers, but it depends on who sends them.
In an interview with The taxpayer The specialist said that the Tax Administration Service (SAT) does not collect income taxes (ISR) on the taxes Gifts between spouses, life partners, descendants or ancestors in a direct line.
Martínez Molina explained that the above means that natural persons residing in Mexico who receive donations from their parents, their children, their wife or husband, or their wife or their life partner, They do not pay ISR on this income.
In this regard, the accountant pointed out that if the transfers that the taxpayer receives come from his parents, his children, his wife or husband, or his wife or his partner, You should not pay ISR on this income.
But the member of the College of Public Accountants of Mexico pointed out that if the money the taxpayer receives from abroad comes from an uncle, a brother, a boyfriend or girlfriend, he or she only ISR must pay for this income if it amounts to more than three Measurement and Update Units (UMA) collected per year.
In both cases, Remittance receipts must be reported to the SAT if they exceed 600,000 pesos.