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10-06-2010, 05:15 AM
| #1 |
| I can choose my own title  Join Date: 2nd Apr 2009 Location: Cancun, Centro
Posts: 2,540
|  Tax on incoming wires/transfers Does anybody know if Mexico is still taxing incoming wires, etc., at 1%? _________________________ Last edited by V; 10-06-2010 at 06:01 AM. |
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10-06-2010, 06:11 AM
| #2 |
| Owner and Administrator  Join Date: 14th Feb 2003 Location: Cancun, Mexico
Posts: 8,223
| We receive a monthly payment from the US via direct deposit to Banamex and it isnt taxed, not immediately on arrival in any case. It's not a huge amount so maybe there is a cut off limit. |
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10-09-2010, 06:42 PM
| #3 |
| Cancuncare Regular  Join Date: 29th Aug 2006
Posts: 130
| Steve, who (I mean eg. a money transfer business, a bank, etc - not a person) are you referring to that does a direct-deposit wire-transfer of funds into a Banamex account? (I'm in Canada so it may be different than the U.S.) I'm looking for a wire-transfer option that's less expensive than a wire transfer from one of the big Canadian banks. |
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10-09-2010, 08:13 PM
| #4 |
| Owner and Administrator Join Date: 14th Feb 2003 Location: Cancun, Mexico
Posts: 8,223
| This comes from Google. I'm not sure on the mechanism they use to do it, all I know is that they do. I have previously heard people recommend Monex but I've no personal experience. MONEX Grupo Financiero |
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10-20-2010, 05:01 PM
| #5 |
| I can choose my own title Join Date: 2nd Apr 2009 Location: Cancun, Centro
Posts: 2,540
| I've now got it on good authority that there is no tax on incoming wires to Mexico. |
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10-21-2010, 05:05 AM
| #6 | |
| Cancuncare Regular  Join Date: 28th Apr 2009 Location: QR, Mexico
Posts: 231
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10-25-2010, 08:39 PM
| #7 |
| Cancuncare Regular Join Date: 26th Jan 2008 Location: Cancun
Posts: 133
| I use www.xoom.com alot better than western union |
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