• Service: Tax, Global Indirect Tax, Global Mobility Services, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 11/13/2013

Mexico - Descriptions of tax reform provisions for 2014 

November 13:  Mexico’s Congress passed an economic package that includes tax reform provisions that may affect multinational entities with current or planned operations in Mexico.

Included among the tax provisions are the following items:

  • Repeal of the single business tax (IETU)
  • Imposition of a 10% tax on dividends
  • A limitation on deductions
  • Changes to the foreign tax credit regime
  • Changes to the tax consolidation regime
  • Limitations imposed on the maquiladora regime
  • Changes affecting capital gains and pension funds
  • Value added tax (VAT) and “special tax” on fossil fuels

The KPMG member firm in Mexico has prepared a “booklet” describing in detail the tax reform provisions and changes in the legislation.

Read the November 2013 booklet (English) [PDF 397 KB] and (Spanish) [PDF 462 KB] prepared by the KPMG member firm in Mexico: Reforma Fiscal 2014

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