We are leasing a home in SMA long term. Is it better to have the lease in dollars or pesos?
Long term lease
jim&nyna
07 May 2018 15:34:48
9
mexicogc
07 May 2018 17:41:15
710
Hi, my wife and I have a long-term lease in pesos which complies with PROFECO law (consumer protection).
By làw, if paying rent to a foreigner in USD you should withold 30% of the rent for taxes due to the RFC.
Bottom line rent from a Mexican, in pesos, have a lease signed under the standard "arrendamiento form" https://www.profeco.gob.mx/encuesta/bru … _rcasa.asp
When everyone pays their taxes then gĺobaly all Mexicans gain.
Adios y buen dia a todos, GyC.
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