As we approach the start of the final quarter of the 2024 fiscal year, the Asset Management area at FRALLA considers it an opportune moment to conduct a pre-closure of the annual income tax (ISR) and, if necessary, take appropriate measures.

Undoubtedly, this analysis is relevant for every fiscal year; however, we believe that the 2024 fiscal year presents significant economic and political factors, such as the transition of the Executive Power in our country, potential tax reforms, as well as the uncertainty surrounding the elections in the United States and the consequences this may have for Mexico.

To date, various factors have emerged, such as the increase in the value of the US dollar against the Mexican peso and the impact of inflation in Mexico. These factors have a significant fiscal effect for individuals with investments abroad, making it crucial to analyze each specific case before the fiscal year-end, to anticipate the effects on tax payments and/or the generation of fiscal attributes in the annual declaration for the fiscal year, which is filed in April 2025 and subsequent years.

In this regard, we recommend reviewing with your financial advisors the fiscal effects triggered by the performance in the Global Market during the 2024 fiscal year, as well as the applicable tax regime in Mexico for each type of investment.

At FRALLA, we have a wealth management advisory team with the necessary experience to support individuals with such investments, whether personally or through structures abroad, in a timely and preventive manner.

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