Michaela Merz


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Mexico Tax Reform 2020


Mexico approves significant tax reform

In brief
Mexico’s Congress approved modifications to the following laws on October 30: The Income Tax Law (MITL), the Value Added Tax Law (VATL), the Excise Tax Law (IEPS) and the Federal License Law (LFD), and the Federal Fiscal Code (FFC) (together, ‘the 2020 Mexican Tax Reform’). Enactment of the 2020 Mexican Tax Reform will occur on its date of publication in the Official Federal Gazette. The 2020 Mexican Tax Reform will enter into effect January 1, 2020, unless an article expressly states a different effective date. Continue reading


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Mexico – New proposed VAT laws for 2020


The Executive Branch of Mexico’s federal government filed last September 8th, the 2020 Budget to the Congress. Among the relevant changes included in the Budget 2020 are those related to the Value Added Tax Law (VATL).

As of April 2020 (if approved) nonresident entities that provide digital services would be subject to 16% VAT rate if the recipient is located within Mexico, and the service is provided through applications or digital content, over the internet, and the process is primarily automatized. Such VAT will be determined upon the payment of the service rendered. Continue reading


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Mexico – VAT obligation for none-resident companies providing electronic services


Amendment to  the current VAT Law and the federal fiscal code was submitted to the Chamber of Deputies on 5 of September. The aim is to amend the VAT Law in order to tax  services provided through digital platforms by none resident companies. In order words it means that foreign companies without any permanent establishment in Mexico providing services through platforms to customers domiciled in Mexico will be subject to VAT.  The bill mentions two options

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Mexico: Additional benefits granted to certified IMMEX companies


Photo_RGB_R_CAN_VC_D3_CM2_0137.jpg Port terminals distributing a variety of commodities and commercial goods. Provides container and bulk shipping hubs for marine, rail and land transport. Huge port infrastructure and impressive views. Primary and manufactured goods - forestry, steel and container shippingFirst introduced in November 2006, the IMMEX Program promotes the Mexican export industry by certifying and allowing specific Mexican exporting companies to temporarily import goods for use in an industrial process or service to produce, transform or repair foreign goods for subsequent export, or to provide export services, while being exempted from paying general import tax, value added tax and, where appropriate, countervailing duties. Continue reading


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Mexico: Publication of e-filing rules for temporary imports


People walking in a pedestrianised area - PwC, PwC_PC_ Global_ 303.jpgWith effect from 1 January 2015, companies which have obtained VAT and Excise Tax Certification or which will guarantee the fiscal interest, will be obliged to electronically transmit monthly discharge reports relating to temporary import declarations on withdrawals from bonded warehouses, returns, regime changes, and virtual transactions (among others).

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Mexico – Customs-Single Point of Contact (“Ventanilla Unica” or “VUCEM”)


The Mexican Customs and Foreign Trade Authorities are implementing changes to modify and simplify the customs process and have a paperless customs.  These changes are mandatory and will be implemented from 1 June 2012.

VUCEM is divided in three main modules with the following functionality:

  • Customs Single Point of Contact (VUCEM): Requesting health, agriculture, defense and other import and export licenses issued by the government.
  • COVE Electronic Value Voucher (“Comprobante de valor electrónico” or “COVE”): Electronic filing of information that supports the value of the goods (e.g. invoice data), previous to the customs clearance.
  • Digitization: Electronic filing and storage of digitalized documents required for the clearance of goods at customs (e.g. Certificates of Origin, customs value declarations, import/export licenses, etc.)