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Spanish in Cuernavaca - Mexico
Taxes

Generally, the Value Added Tax (VAT) is amounting to 15%, however in some goods like for instance "Tortillas" the % is much lower. An additional tax of 2% representing the "bed tax" or "state tax" is charged in Hotel room's price

Interest payments made by Mexican banks are made after a tax has been withheld and paid to the Mexican government. Yields shown in the box and advertised by  Mexican banks are net or after tax. Any tax withheld may be applied as a tax credit in many other countries, including the United States.

A 15 percent tax is withheld from dividend payments and dividends are paid net to stockholders. When stocks are purchased and sold on the Bolsa, there are no  Mexican capital gains taxes. Unearned income from different sources is not accumulated for purposes of Mexican taxation. Taxes on earned income are roughly equivalent to U.S. income tax rates.

There are minor mexican real estate taxes. However, the state charges 20% on proceeds from the sale of real estate registered in the name of a foreigner. Therefore, before to invest in mexican Real Estate, it is wise to first clarify that aspect.