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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

Mexico City, August 13th, 2020.   As a result of the recent Mexican Tax Reform in force as of January 2020, technological platforms owned by non-resident taxpayers with no permanent establishment in Mexico providing directly a digital service within Mexican territory, are subject to Value Added Tax («VAT»). Also, non-resident technological platforms acting as anLeer más

TAX INCENTIVES TO ELIMINATE THE TAX WITHHOLDING ON INTEREST PAID ABROAD AND TO ENCOURAGE PRODUCTIVE INVESTMENT PROJECTS IN MEXICO An executive order to eliminate the income tax withholding for interest paid abroad on bonds listed in a stock exchange, as well as to grant tax incentives to taxpayers investing in a capital market in MexicoLeer más

Incorrect Transfer of Tax Losses   On June 1st, 2018, several amendments to the Federal Fiscal Code have been approved by the Federal Executive with respect to the transfer of tax losses. In this regard, a new anti-abuse rule regarding the transfer of tax losses was added to the Code in the context of businessLeer más

Declaration of Special Economic Zones (“SEZs”)    On September 29, 2017, the Executive Branch published in the Federal Official Gazette declarations of the first three SEZs, located in Chiapas, Veracruz, Michoacan and Guerrero.   Read More   The Executive Branch published on September 29, 2017 declarations of the first three SEZs: (i) Puerto Chiapas, (ii)Leer más

RULES APPLICABLE TO THE EXECUTIVE ORDER ON THE 2017 REPATRIATION OF FUNDS   On May 15, 2017 general rules were published by the Tax Administration Service (“SAT”) applicable to the “Executive Order granting various income tax breaks for deposits or investments to be received in Mexico”, in effect since January 19, 2017.   Read moreLeer más