South Korea's top tax official called on Mexico to provide tax support for Korean firms operating in the country during the first bilateral high-level meeting with Mexico's tax authority, the National Tax Service said Wednesday.
NTS Commissioner Lim Kwang-hyun met with his Mexican counterpart Antonio Martinez Dagnino, commissioner of the Mexican Tax Administration Service, or SAT, in Mexico City on Tuesday.
Lim shared specific challenges brought by Korean entities, including delays in value-added tax refunds and double taxation. He requested administrative support for Korean businesses to operate with greater stability and contribute further to the Mexican economy.
"The SAT will actively engage with Korean businesses to resolve any tax-related challenges they may encounter," Dagnino responded, further pledging to provide comprehensive tax administration support, including guidance materials on corporate income tax filing.
Lim also presented Korea's experience in digital tax administration, including e-tax invoice and Hometax, as well as its plans for digital transformation, such as artificial intelligence use and big data.
Prior to the meeting, Lim held a roundtable with Korean businesses operating in Mexico.
Mexico is a key production and export hub for Korean companies seeking to expand into the North American market, with bilateral trade continuing to grow steadily.
As of 2025, 562 Korean companies have established operations in Mexico, primarily in manufacturing sectors such as automobiles, electronics and steel, and approximately 14,000 Koreans reside in the country, the tax agency explained.
Carlos Eduardo Gonzales Gamero, head of SAT's Transfer Pricing Audits, attended the business roundtable in person. It was the first time for a senior official from the host country's tax authority to attend such an event.
Following the roundtable, the tax agency also held a tax briefing for the Korean community in Mexico, focusing on addressing questions and difficulties faced by Korean nationals residing in Mexico regarding their tax obligations in Korea.
silverstar@heraldcorp.com
