Tuesday, 27 December 2016

Mexico: Congress approves 2017 tax package

The Mexican Senate approved the 2017 tax package on 26 October 2016, and the package has been sent to the president for enactment and publication in the official gazette. The tax measures, which generally would apply as from 1 January 2017, reflect some additions and modifications to the package originally submitted by the president, which were made during discussion by the House of
Representatives and approved by the Senate.
The package would increase income tax and VAT documentation requirements for payments for the subcontracting of services and modify the treatment of input VAT during preoperational periods.
Source & more info: Deloitte