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Monterrey, Nuevo León, January 14th, 2022.   On December 23rd, 2021, it was published in the Official Gazette of Nuevo León Decree number 037, through which several amendments were introduced in the Treasury Law of Nuevo Leon, including certain modifications to Chapter Eight, of the Payroll Tax (hereinafter “ISN”). The reform to the ISN consistsLeer más

Mexico City, January 13th, 2022.   On January 1st, 2022, Title Two of the Tax Law of the State of Nuevo Leon («Law») was amended to include a Fifth Chapter «On Ecological Taxes», which comprises the following:   A.Tax for Pollution in the Extraction of Stone Materials. This tax is levied on persons and economicLeer más

Mexico City, January 13th, 2022.   On January 1, 2022, the Ninth Chapter containing the denominated «Ecological Taxes» was added to Title Three of the Tax Law of the State of Querétaro («Law»), which contains the following:   A. Tax for Environmental Remediation in the Extraction of Materials. This tax is levied on persons andLeer más

  Mexico City, October 2021.   On September 8, 2021, the Executive Branch filed before the Chamber of Deputies the Economic Package for Fiscal Year 2022, which includes a bill to modify various tax provisions. This bill must be discussed and approved in the Chamber of Deputies, to later advance to the Senate for theLeer más

Mexico City, September 28th, 2021.   Within the tax reform bill proposed by the President, it is worth noting the exclusion of the non-regulated SOFOMES from those entities to whom the limitation of deducting interest derived from debt exceeding a 3:1 ratio from their capital entered with related parties abroad will not result applicable. ForLeer más

Mexico City, April 15th, 2021. Yesterday, a reform bill that modifies the Excise Tax Law was published at the Parliamentary Gazette of the Mexican Congress, to include media content services provided by foreign digital platforms, as object of the Excise Tax. Foreign companies providing over the top content services (“OTT”) to customers located in MexicoLeer más

Mexico City, April 15th, 2021.   As a result of the tax reform in force as of January 1st, 2021, article 30 of the Federal Fiscal Code was amended to require taxpayers to permanently keep as part of their accounting records certain documentation and information in addition to that already required, particularly that related toLeer más

Published on December 8th, 2020, in the Mexican Official Gazette, the Decree reforming various provisions of the Mexican Income Tax Law (“MITL”), Value Added Tax Law (“VAT”), and the Federal Fiscal Code (“FFC”). Therefore, we hereby share some considerations and comments about the Mexican Tax Reform for 2021: A) Federal Fiscal Code (FFC). 1 GeneralLeer más

Mexico City, November 25th, 2020.   On November 18th, 2020, the Ministry of Finance and the Tax Administration Service («SAT») published in the Official Gazette the Third Resolution of Amendments to the Omnibus Tax Rules for 2020 («RMF») through which Chapter 2.2 was introduced under the title of «Disclosure of reportable schemes», to regulate theLeer más

  Mexico City, November 17th, 2020.   On November 12th, 2020, President Andres Manuel Lopez Obrador introduced a bill to the Legislative Commission of the House of Representatives that amends, adds, and repeals several provisions of the following statues to substantially regulate the subcontracting or outsourcing regime in Mexico: The Federal Labor Law. The SocialLeer más