• Service: Tax, Global Indirect Tax, International Executive Services, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 10/21/2013

Mexico - Chamber of Deputies approves tax reform bill 

October 21: A tax reform package, presented by Mexico’s federal government in September 2013, is proceeding through the legislative process.

A congressional committee (the Finance and Public Credit Committee of the Chamber of Deputies) considered the proposed legislation and in turn proposed its own changes. The proposed changes include:

  • An additional 10% corporate income tax on dividends and profit distributions
  • Measures to limit certain deductions
  • Measures concerning individual tax matters
  • Value added tax (VAT) measures
  • Measures concerning the “maquiladoras tax regime”

Read an October 2013 report [PDF 95 KB] prepared by KPMG LLP for more information about the changes to the tax bill, as passed by the Chamber of Deputies.

For more information, contact a tax professional with KPMG’s Mexico tax center:

Jose Manuel Ramírez

+1 212 872 6541

Or contact a tax professional with the KPMG member firm in Mexico:

Catherine Thibault

+52 55 5246 8300

Antonio Zuazua

+52 81 8122 1938

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