Individual Accounting Services (Persona Fisica)
Whether you are a property owner with vacation rental income or an individual providing a professional service, the Mextax team can assist you with your accounting and tax needs in Mexico. Our bi-lingual Mexican accounting firm specializes in accounting services for expats. We understand the challenges you face and are here to help you every step of the way.
Our services for Individual Accounting Services include:
We can also assist you obtaining your RFC (Mexican tax ID) if you do not have one and accompany you to SAT for any in-person transactions that are required. Contact us today for a free quote for our services.
* Additional fees may apply
FAQ
Yes. If you earn income from Mexican sources — such as rental income, professional services, or business activity — you are required to pay taxes in Mexico, even as a foreigner. Mexico has tax treaties with countries like the U.S. and Canada to help avoid double taxation.
Most individuals must declare:
- ISR (Impuesto Sobre la Renta) – income tax
- IVA (Impuesto al Valor Agregado) – sales tax (if applicable)
- Hotel occupancy tax – for vacation rental property owners
Annual and monthly filings are required, depending on your income activity.
Yes. An RFC (Registro Federal de Contribuyentes) is mandatory for issuing invoices (CFDI), filing monthly or annual tax declarations, and paying taxes. Mextax can help you obtain your RFC and accompany you to the SAT (Mexican tax authority) office if an in-person visit is required.
Mexico has tax treaties with several countries, including the U.S. and Canada. These agreements prevent you from paying tax twice on the same income. With proper planning and documentation, taxes paid in Mexico may be credited against your home country’s taxes.
Yes. Most filings can be done online with SAT’s digital platform, but you need an RFC and electronic signature. Our bilingual team can handle all filings remotely, so you don’t have to navigate the system on your own.
Failure to comply with Mexican tax obligations can lead to penalties, interest charges, and issues with the SAT. In some cases, it may affect your ability to sell property, access rental income platforms, or even renew immigration documents.
Yes. We provide bilingual financial statements, balance sheets, and reports so you fully understand your tax situation.
Yes. Income from short-term rentals is taxable in Mexico. You must declare ISR (income tax), IVA (sales tax), and in many cases, local hotel occupancy tax. Platforms like Airbnb now share host income data with the SAT, so compliance is essential.