South Korea Requested Mexican Tax Support for Firms
NTS Commissioner Lim Kwang-hyun sought solutions for Korean businesses facing double taxation and refund delays.
Updated on Sept. 23, 2026 in Mexico
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South Korea's NTS Commissioner Lim Kwang-hyun met with Mexico's tax authority to request administrative support for Korean companies operating in the country. The meeting addressed ongoing concerns regarding value-added tax refund delays and issues surrounding double taxation.
Why it matters
The request aims to stabilize the operational environment for Korean firms that serve as significant contributors to the Mexican economy. Greater regulatory clarity and cooperation are intended to alleviate financial friction for businesses navigating cross-border tax requirements.
As of 2025, there were 562 Korean companies established in Mexico, supporting a community of approximately 14,000 Korean residents. These firms are primarily concentrated in the automotive, electronics, and steel sectors.
The players
Lim Kwang-hyun
He is the NTS Commissioner of South Korea who led the request for improved tax administrative support in Mexico.
Antonio Martinez Dagnino
He is the Commissioner of Mexico's Tax Administration Service who met with South Korean officials to discuss corporate tax guidance.
Carlos Eduardo Gonzales Gamero
He attended a roundtable discussion held with Korean business leaders to address their operational concerns in the region.
The details
Commissioner Lim presented South Korea's digital tax administration models, including e-tax invoicing and the Hometax system, as potential frameworks for improving efficiency. In response, the Mexican Tax Administration Service pledged to provide comprehensive support, including specific guidance on corporate income tax.
Timeline
562 Korean companies operated in Mexico during 2025.
The meeting between the commissioners occurred on Tuesday, September 22, 2026.
Travel Outlook
This diplomatic initiative aligns with global efforts to standardize tax compliance for multinational corporations, mirroring the goals of the OECD's Base Erosion and Profit Shifting framework. It represents a shift toward more formalized tax-cooperation agreements between emerging manufacturing hubs and international investors.
For business travelers and corporate representatives, these administrative updates suggest potential improvements in financial operational ease in the coming year. Stakeholders should monitor future official guidance from the SAT regarding corporate income tax procedures to ensure full compliance.
The takeaway
Effective tax administration and digital integration are essential for maintaining stable international business relations. Companies operating abroad should prioritize engagement with local regulatory authorities to mitigate risks associated with cross-border refund delays.
Further reading
Learn more about the business environment and regional developments in our Mexico section.
Source note: This article includes information reported by The Korea Herald.
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