Our valued sponsor

The Mexican tax authorities and CRS

agentsmithhhhh

Mentor Group Silver
Oct 10, 2024
11
13
3
besh
Does anyone know whether banking in a CRS jurisdiction will in practice cause the Mexican tax authorities to get involved and make claims? Am currently looking at Mexico as a solution for residency, combined with banking in Switzerland. I've equally received the guidance of not declaring foreign income/wealth, but am still unsure of what that actually looks like in practice. Advice from anyone on the ground would be appreciated
 
I would advise against providing MX residency info to any financial institution as the cartels can access whatever they want in Mexico and the last thing you know is Jose el Chungo knowing theres some gringuito making bank in a villa somewhere.

Most people I met in MX used US banking w US addresses and just lived in MX, never filling any tax reports.

In practice MX is turbo mismanaged so you are 150% likely to pull it so far you aint making much noise.
 
  • Like
Reactions: JohnnyDoe