S. Korean firms in Mexico need ‘tax support’

By the Editorial Team · Friday, September 25, 2026

South Korea’s top tax official, Lim Kwang-hyun, urged Mexican authorities to improve tax support and address challenges such as VAT refund delays and double taxation affecting South Korean companies operating in Mexico during a high-level bilateral meeting. The two countries pledged to enhance cooperation on tax administration, including sharing digital tax technologies and providing clearer guidance, to strengthen economic ties and facilitate cross-border investment.

South Korea’s top tax official urged Mexican authorities to offer enhanced tax support to South Korean companies operating within Mexico during a bilateral meeting held this week in Mexico City. The discussion aimed to address ongoing tax challenges faced by South Korean investors in the country and explore avenues for improved cooperation between the two nations' tax administrations.

On Tuesday, Lim Kwang-hyun, commissioner of South Korea’s National Tax Service (NTS), met with Antonio Martinez Dagnino, commissioner of the Mexican Tax Administration Service (SAT), in the first high-level bilateral engagement between the two tax authorities. Lim highlighted issues such as delays in value-added tax (VAT) refunds and the burden of double taxation, which have affected South Korean firms’ operations and investment activities in Mexico.

Lim requested administrative measures to help South Korean businesses operate more smoothly and contribute further to Mexico’s economic development. In response, Martinez Dagnino expressed the SAT’s commitment to actively collaborate with South Korean companies to address tax-related obstacles. He also pledged to provide comprehensive support, including the issuance of guidance materials focused on corporate income tax filing procedures.

During the meeting, Lim shared South Korea’s experience with digital tax administration, mentioning systems such as the electronic tax invoice and the Hometax platform. He also briefed his Mexican counterpart on South Korea’s plans to advance digital transformation efforts within tax administration through the integration of artificial intelligence and big data technologies.

The dialogue reflects growing economic ties between South Korea and Mexico, underscoring the importance of tax cooperation to facilitate cross-border business operations. Both sides indicated their intention to continue working together to create a more efficient and supportive tax environment for investors from both countries.

This article was reported by synthesizing coverage from multiple independent news outlets to present a balanced, unbiased account. Read about our editorial standards. Spotted an error? Let us know.