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


As Mexico continues on the wave of tax reform, ITR has partnered with leading tax advisors to examine the tax landscape for 2021 and beyond.

 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

more across site & bottom lb ros

More from across our site

The forum heard that VAT professionals are struggling under new pressures to validate transactions and catch fraud, responsibilities that they say should lie with governments.
The working paper suggested a new framework for boosting effective carbon rates and reducing the inconsistency of climate policy.
UAE firm Virtuzone launches ‘TaxGPT’, claiming it is the first AI-powered tax tool, while the Australian police faces claims of a conflict of interest over its PwC audit contract.
The US technology company is defending its past Irish tax arrangements at the CJEU in a final showdown that could have major political repercussions.
ITR’s Indirect Tax Forum heard that Italy’s VAT investigation into Meta has the potential to set new and expensive tax principles that would likely be adopted around the world
Police are now investigating the leak of confidential tax information by a former PwC partner at the request of the Australian government.
A VAT policy officer at the European Commission told the forum that the initial deadline set for EU convergence of domestic digital VAT reporting is likely to be extended.
The UK government shows little sign of cutting corporate tax, while a growing number of businesses report a decline in investment as a result of the higher tax burden.
Mariana Morais Teixeira of Morais Leitão overviews Portugal’s new tax incentive regime designed to boost the country’s capital-depleted private sector.
Septian Fachrizal, TP analyst at the Directorate General of Taxes, outlines how Indonesia is relying heavily on the successful implementation of pillar one.