RESICO Tax Regime: Who Qualifies and What You Get
Learn if you qualify for lower income tax rates under the RESICO regime and understand the rules to stay compliant.
The RESICO Tax Regime is a simplified tax system designed for individuals to pay lower income tax rates on their earnings.
Who it's for
This regime is available to individuals whose annual income remains below 3.5 million MXN.
What you get
You benefit from a preferential tax rate (tasa preferencial) on your income. These rates are significantly lower than standard tax brackets, ranging from 1% to 2.5%.
What it costs you
While the tax rates are lower, you must handle monthly tax filings to stay compliant. Additionally, you cannot use business expenses or deductions to reduce your taxable income under this specific regime.
The catch to know
Staying in the regime requires strict consistency. If you fail to make three consecutive tax payments, you will be removed from the regime.
How to apply
- Check that your annual income is below the required limit.
- Access the official SAT portal to register or update your tax status.
- Ensure you are prepared to file your taxes every month.