Thanks again! I need to digest all this information, even if it looks like for now I'm stuck with the 10% withholding rate.
Yes the Mexican tax authorities are not bothering anybody, I don't know a single Expat that is paying taxes on foreign earned income or capital gains, I know a few guys that have been living in Mexico for over a decade and they've never paid taxes here, if that were to change a lot of Expats would end up leaving, I would happily move to Thailand even if then I would be subject to 15% withholding rate, but Thailand is even less expensive than Mexico so maybe at the end of the year I'll end up the same as before, plenty of Expats and digital nomads living in Thailand and not having to pay taxes, legally! Although that Elite visa is a bit expensive.
I'm going to spend this week digesting all the information in this thread, this is a gold nugget, I would prefer to give my money to charity than any tax authority in the world, at least I'd know where my money is going.
Viva Mexico!>Yes the Mexican tax authorities are not bothering anybody
OK I found the thing about India:
An investor must be careful when investing in foreign stocks because of certain tax implications. Many countries will tax dividends paid out to foreign investors at a higher rate. So the 7% dividend yield paid out by a company can actually be significantly less if the country deducts a significant amount of withholding taxes. However, some countries, like the U.K., India, and Argentina, do not tax dividends paid to U.S. residents at all. This fact is due to agreements between the U.S. and those countries to not impose dividend taxes on each other.
So it only applies to US residents, not to non-resident aliens.
Cheers
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