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On September 8, 2013 the Mexican President, Enrique Peña Nieto submitted to the House of Representatives of the Mexican Congress a bill with a substantial tax reform (Tax Reform). This Tax Reform proposes, changes and additions to the income tax (including maquila operations), value added tax, single rate tax and cash deposit tax, special production and services tax, the green tax and the Federal Tax Code (among many other important topics).
Our Mexico Tax Practice has produced a Legal Alert on the Tax Reform Initiative in English and Spanish which summarizes many of the initiatives. We expect that a subsequent Alert will cover important topics in more detail. |
