Tax Regime for Professional Services (RESICO): Who Qualifies and What You Get
Learn how independent professionals in Mexico can access simplified tax rates under the RESICO scheme if they earn under 3.5 million pesos annually.
The Tax Regime for Professional Services (RESICO) is a simplified tax system designed for independent professionals to manage their tax obligations more easily.
Who it's for
This scheme is available to independent professionals who earn less than 3.5 million $ MXN annually.
What you get
You benefit from simplified tax rates applied to your gross income. These rates range from 1% to 2.5%, which is intended to reduce the complexity of your tax burden.
What it costs you
While the tax rates are lower, you are required to complete a monthly filing of your tax returns through the official government portal.
The catch to know
To stay compliant, you must issue an electronic invoice (CFDI 4.0) for every single payment you receive for your professional sessions.
How to apply
- Visit the official tax authority portal.
- Register for the specific simplified regime.
- Set up your electronic invoicing system to record all payments.
- Submit your tax returns every month.