Mexican Legislators Will Come to Washington to Negotiate the Permanent Elimination of the Remittance Tax - La Opinión

Beyond the Trump administration’s proposal to tax the sending of remittances with 5% of their value represents a violation of the Treaty to Prevent Double Taxation between Mexico and the United States, the measure involves a potential blow of more than $3.3 billion to Mexico’s annual foreign exchange income. According to various official sources, remittances reached a historic peak of $64.745 million last year, above the $54.430 million for agro…

CSP attributes a halt to tax reform to remittances to the government unit with 'the people' and to its demand to pressure US legislators.

The Mexican government wants the proposal to impose 5% tax on remittances sent by immigrants to be completely discarded.

The president of the Senate Foreign Relations Committee, Alejandro Murat, said that although in the United States Congress the proposal to tax remittances with 5% was temporarily stopped, a plural commission of legislators will travel to Washington on Tuesday to talk with their peers about the need to finally eliminate that tax.

During the last ten years, remittances in San Luis Potosí experienced a sustained boom that transformed their economic landscape. In 2014, they entered just over $795 million (mdd). By 2024, the figure exceeded two billion, a growth of 162%, according to data reviewed in the Bank of Mexico (Banxico). This financial flow has positioned the state in the 11th national place in receiving remittances, behind traditional receivers such as Michoacan, G…

Remittance tax would represent a decrease of millions of dollars in Puebla The cost of sending 350 United States dollars to Mexico would go from 6.00 to 23.50 dollars, that is, almost four times the current Monday, May 19, 2025 Monday, May 19, 2025 Leticia Muñoz Remittance tax would represent a decrease of millions of dollars in Puebla Economy If it is approved to tax with a 5 percent tax the remittances sent by the migrant community from the Un…