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Will newly approved Mexican tax reform affect your operations?

December 30, 2019 / 1 min read

On Dec. 9, 2019, the Mexican authorities published a 2020 tax reform package that includes changes affecting income, value-added, and other tax regulations. If you’re operating in Mexico, here’s what you need to know.

Mexico’s 2020 tax reform package includes several changes that will affect foreign companies operating in Mexico. Many of these changes are intended to bring Mexico’s tax rules in compliance with recommendations from the Organization for Economic Co-operation and Development (OECD) and its Base Erosion and Profit Shifting (BEPS) action plan. Most of these changes will be applicable beginning Jan. 1, 2020. While not an all-inclusive list, some of the major changes include:

Income tax

Value-added tax (VAT)

Other tax items

Additional guidelines and regulations are expected to be published via miscellaneous rules over the next few months. For more information and to discuss how this may affect your organization, please contact our international team.

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