Executive Order for the Repatriation of Funds in 2017

Publicada en Deja un comentarioPublicada en English, Tax, Wealth Planning

On January 18, 2017, there was published in the Federal Official Gazette an “Executive Order providing for income tax incentives for the repatriation of deposits or investments maintained abroad” (the “Order”), so as regularize the taxpayer’s tax liability by the payment of the income tax at a reduced rate and with no additional government charges. […]

APA MAQUILA

Publicada en Deja un comentarioPublicada en English, Foreign Trade, Tax

On October 14, 2016, the Tax Administration Service (“SAT”) and its U.S. counterpart, the Internal Revenue Service (“IRS”), sent similar press releases to announce the culmination of two years of collaboration to establish a new transfer pricing procedure to avoid double taxation in the maquiladora industry. This new framework proposes to solve more than 700 […]

Mexico´s Bill Proposal to Tax Donations and Inheritances

Publicada en Deja un comentarioPublicada en Advisory, English, Litigation, Tax, Tax Advisory

On September 6, 2016, a bill for amending certain provisions of the Mexican Income Tax Law was introduced by congressman Jorge Álvarez Máynez of the Movimiento Ciudadano party. The bill aims to tax inheritances and donations based on the amount of income received. For such, it proposes levying individual taxpayers with a progressive rate as […]