In just a few years, the Simplified Trust Regime (Resico) went from being a bold move by the SAT to becoming one of Mexico’s most popular tax schemes. Today, it boasts 4.4 million taxpayers—practically the same number of people living in Panama. 😱
The key to its success? Income tax rates ranging from 1% to 2.5% for eligible individuals, simplified tax filings, and a reduced administrative burden. This has encouraged thousands of professionals, merchants, entrepreneurs, and small businesses to make the move into the formal economy.
However, this growth also brings challenges. Experts point out that many taxpayers have been removed from the regime due to non-compliance, filing errors, or exceeding permitted limits. At the same time, the government touts Resico as a success that has boosted tax revenue without raising tax rates.
The big question is whether this model proves that simplifying tax payments works better than tightening the rules.
🤔 What do you think? If paying taxes were simpler and rates were low for everyone, do you think there would be far less tax evasion in Mexico, or does the problem run much deeper than just taxes?
Source: mexicodailypost
