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Mexican President Welcomes Tax Cut On Remittances For Migrants, Vows to Keep Fighting

On May 22, Mexican President Claudia Sheinbaum welcomed the U.S. Reduction of the proposed remittance tax rate from 5% to 3.5%.
The tax cut followed negotiations due to concerns that the tax could harm Mexico and many other remittance-dependent countries in the region.
Sheinbaum emphasized the importance of remittances, which made up nearly 4% of Mexico's GDP in 2024 and constitute more than 20% of GDP in several Central American countries.
Sheinbaum emphasized that discussions with senators from both parties will persist to highlight why implementing a remittance tax would be detrimental to the country.
Sheinbaum committed to continuing her efforts with U.S. Officials to fully remove the tax on remittances, addressing worries about reduced money transfers and upcoming Senate changes to the proposed legislation.

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Center

Sheinbaum Discusses Negotiations with the U.S. and Taxes on Remittances.

By José Álvarez, CNN Mexican President Claudia Sheinbaum said Thursday that she will hold future calls with President Donald Trump to "continue" addressing the issue of tariffs and the remittance tax. "The remittance tax rate decreased from five percent to 3.5 percent. In any case, we don't want there to be a tax. We will continue working, informing everyone, but it is something worth recognizing. And we will continue working so that there is no…

2 days ago·Idaho Falls, United States

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telesurtv.net

Far Left

Mexico Rejects Remittances Tax Despite a 3.5% Reduction by the US.

President Claudia Sheinbaum reiterated her rejection of the tax that the United States intends to apply to remittances sent by migrants, despite the fact that the Congress of that country reduced the proposed rate from 5% to 3.5%. READ ALSO: Sheinbaum celebrates reduction of tariffs on Mexican vehicles manufactured under T-MEC During its morning conference in Palacio Nacional, Sheinbaum reported that she had a seventh phone call with President D…

2 days ago

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Latin Times

Lean Left

Mexican President Welcomes Tax Cut On Remittances For Migrants, Vows to Keep Fighting

In 2024, Mexico received a record $64.7 billion in remittances, accounting for nearly 4% of its gross domestic product, according to the country's central bank

2 days ago·New York, United States

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Reforma

Lean Right

We Continue to Work so that It Has Not Imposed Remittances.-CSP

President Claudia Sheinbaum said that the Mexican government will continue to work so that it has not imposed remittances from the United States.

2 days ago·Mexico City, Mexico

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El Financiero

Lean Right

‘We Don’t Want It to Have Imposed,’ Says Sheinbaum on Approval to ‘Arancel’ of 3.5% on Remittances From Countrymen

President Claudia Sheinbaum’s morning conference on Thursday, May 22 was delayed at 8:30 and did not start at 07:30, as usual. As reported on social network X. On Thursday, May 22, the #MañanaeraDelPueblo will be at 8:30 am. pic.twitter.com/nAQJJSXkPG— Claudia Sheinbaum Pardo (@Claudiashein) May 22, 2025Previously, the House of Representatives of Congress of the United States approved the application of taxes of 3.5 percent to remittances. The b…

2 days ago·Mexico

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Indice Político

Morena Applauds 3.5% on Remittances; Avoiding, Demands Opposition

Here at the Congress By José Antonio Chávez At that time, then President López Obrador, presented loudly every day at his morning conference the increases in remittances sent by the connationals to their families in Mexico. They reached a little more than $50 billion and presented them in January after making the annual count of figures on the last day of December. It was one of the most significant catches of foreign exchange, along with touris…

2 days ago

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