RESICO: How Independent Contractors Pay 2.5% In Taxes #selfemployed #sales #customerservice

If you're an independent contractor living in Mexico and want to stay compliant with Mexican tax codes, RESICO is a great option for you.

During COVID, many international companies started hiring remote employees who could work from home. Many of the contractors would receive payments by direct wire or through a payment platform like Paypal or Wise. Since it was a cash payment, without tax deductions, many contractors did not know what to do.

Well, a few years back the government created a tax category for independent contractors, so they could earn money working from home and still pay a tax on their income. The brilliant part of this is that the government only charges a maximum of 2.5% of the money earned.

Of course, there are stipulations like you can't earn more than 3.5 million pesos annually and you must pay your income tax once a month, but it's a huge win for independent contractors who want to stay above board with tax payments in Mexico.

Check it out for yourself with a quick Google search and Subcribe to our page for more job info!

(Please consult with a Mexican accountant before making adjustments to your tax status and make sure it's the right fit for you)

#independentcontractor #taxes #jobs #shorts #mexico