Paisano Card: Mexico’s Move to Shield Remittances From New U.S. Tax

Paisano Card: Mexico’s Move to Shield Remittances From New U.S. Tax

A new tax on remittances sent to Mexico will be implemented, and the “Paisano Card” will be marketed in order to prevent Mexican immigrants living in the United States from having to pay it.

For the purpose of assisting Mexican immigrants who have been deported by the United States, the “Paisano Card” was developed to allow them to deposit one hundred dollars upon their arrival in Mexico.

What is Mexico’s plan with the “Tarjeta Paisano”?

The plan that the Mexican government has for the “Paisano Card” is to distribute it in a massive manner through its consulates in the United States. This will ensure that the remittances that Mexicans send from the United States to Mexico through electronic transfers are exempt from the tax that was approved by the tax proposal that was enacted by Donald Trump.

The card is more effective, it is very easy to access, for all those who send in cash can put it on their card, with the rules of the United States obviously, which can be obtained at any of the consulates

What are the percentages of the new tax imposed by the United States?

One percent is the percentage that was approved in the tax bill that was passed by President Donald Trump of the United States of America regarding remittances that are sent by Mexican immigrants from the United States to Mexico through electronic transfers.

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