Invest Offshore with our Offshore Investments
The investments that Mexicans have outside of our country are known as offshore investments, that is to say, investments and management abroad with countries such as Panama, Belize or Cayman Island, just to name a few countries, generally, in these countries, the income will be subject to income tax. generate from the source of wealth of their country of residence and not from those that come from abroad.
We can mention that the territorial rent system attracts economic resources from other countries, since no matter where they come from, they will not be taxed in the country, that is, they will not pay ISR.
While the world income system as is the case of Mexico or the United States of North America which are based on the taxpayer’s residence is to say that it does not matter where the capitals are located if they pay ISR in the country of residence.
The Income Tax Law (LISR) establishes what is considered to be income subject to preferential tax regimes (REFIPRES) and defines them as follows: those that are not taxed abroad or are taxed abroad. income less than 75% of income tax that would be caused and paid in Mexico, under the terms of title II (moral persons) or title IV (natural persons) of the LISR.
On the other hand, investments abroad can be considered as passive and active.
Passive investments are those where people invest to generate interest, capital gains, dividends, royalties and generally do not seek to be repatriated in the short term.
The characteristic of active investments is that they seek to generate short-term income such as the provision of services or the sale of real estate.
Finally, mention should be made that in February the taxpayers must present an informative statement of the income generated in the previous fiscal year subject to preferential tax regimes through the electronic format 76, clarifying that both deposits and withdrawals are considered to be subject revenue; since in case of not presenting the declaration or presenting it incompletely, the taxpayer will be subject to a penal sanction, this is established in article 111 of the Fiscal Code of the Federation in its fraction V in relation to article 178 of the LISR.