Sweeping tax changes continue – ITR’s Mexico Special Focus launched

 Click here to read all the chapters from ITR's Mexico Special Focus

 Mexico, like so many countries, is emerging from the aftermath of COVID-19 with signs of a slow and gradual economic recovery with statistics from the OECD showing that the economy is projected to expand by 5% in 2021 and 3.2% in 2022.

With such positive news, ITR provides practical insight, in English and Spanish, into some of the most significant recent developments from the Mexican tax world.

The last two tax reforms in Mexico have included the addition, modification, and removal of various federal tax provisions. The changes that have come into force over a two-year timeline are described in detail by VCG Partners.

The article by Chevez Ruiz Zamarripa focusses on labour and tax reform from a TP perspective and describes the significance of the outsourcing reform and the impact this will have for many companies.

One of the main mechanisms by which companies resident for tax purposes in Mexico repatriate capital abroad is through the distribution and payment of dividends. Copper Wolf provide a detailed analysis of the tax implications.

Meanwhile, QCG Transfer Pricing Practice provide an insightful piece on the potential benefits for Mexico with the implementation of pillar one and pillar two.

We hope you enjoy reading the fourth edition of our Mexico guide!

Click here to read all the chapters from ITR's Mexico Special Focus