News & Analysis as of

Mexico Value-Added Tax (VAT)

King & Spalding

President Trump Imposes Reciprocal Tariffs To Address National Emergency Created By Foreign Trade And Economic Practices

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The President also signed an Executive Order that will eliminate duty-free de minimis treatment and create a new duty collection process for low-value postal shipments from China and Hong Kong. On April 2, 2025, President...more

Holland & Knight LLP

EEUU denuncia barreras comerciales en México a pesar del T-MEC en su informe 2025

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La Oficina del Representante Comercial de Estados Unidos (Office of the United States Trade Representative o USTR) publicó el 31 de marzo de 2025, su Informe de Estimaciones Nacionales de Comercio 2025 (National Trade...more

Foley & Lardner LLP

Mexico 2025: Foreign Trade Outlook | What to Expect in Terms of Foreign Trade?

Foley & Lardner LLP on

1. Collection forecast and tax collection plan - In view of the “success” in terms of foreign trade taxes collection during 2024, the Federal Government approved for the 2025 fiscal package an increase in absolute terms of...more

Clark Hill PLC

2025 Economic Package: Key Changes in Tax Matters

Clark Hill PLC on

On Nov. 15, the Federal Executive Branch presented the Economic Package for 2025 (“EP 2025”) to Congress, which estimates around 294 billion United States Dollars (“USD”) in tax revenue. The EP is a set of proposals,...more

Clark Hill PLC

Paquete Económico 2025: Principales Modificaciones en Materia Fiscal

Clark Hill PLC on

Nota: El 15 de noviembre de 2024, el Ejecutivo Federal presentó ante la Cámara de Diputados el Paquete Económico para el 2025 (“PE 2025”), mismo que contempla 5.3 billones de pesos en ingresos tributarios. El paquete...more

Holland & Knight LLP

Amendments to International Trade Rules Bring Changes to the Mexican Certificate Scheme

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The "Second Resolution of Amendments to the International Trade Rules for 2024 and to Annexes 1, 2, 5, and 24" was published on Oct. 14, 2024, in the Federal Official Gazette (Diario Oficial de la Federación), introducing...more

Foley & Lardner LLP

Tax benefits for contributors to key operations in certain zones located in Yucatán, Mexico

Foley & Lardner LLP on

In order to promote investment, encourage economic growth, and the creation of formal jobs in the peninsular region of the Yucatan (where the Mayan Train will pass through) the Mexican Ministry of Treasury (SHCP by its...more

Holland & Knight LLP

Nuevo periodo de vigencia de certificación IVA-IEPS rubro AA y AAA en México

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De acuerdo con la Cuarta Resolución de Modificaciones a las Reglas Generales de Comercio Exterior para 2023 en México, las empresas con certificación del Impuesto al Valor Agregado (IVA) e Impuesto Especial sobre Producción y...more

Braumiller Law Group, PLLC

Hot Topics in International Trade - November 2023 - Legal Framework Governing IMMEX Operations

As we have previously explained in other articles, an IMMEX is a duty deferral program from the Mexican federal government created in 2006, which stands for Industria Manufacturera, Maquiladora y de Servicios de Exportación...more

Foley & Lardner LLP

What Every Multinational Company (that Operates in Mexico) Should Know About . . . Managing Fixed Assets

Foley & Lardner LLP on

Multinational companies operating in Mexico are subject to Mexican regulations regarding the use of foreign goods. Mexican customs law provides that, with the exception of goods for personal use, any person who possesses,...more

Foley & Lardner LLP

VAT tax consequences due to the offsetting of debts

Foley & Lardner LLP on

In any type of transaction, it is usual for two parties to enter into a debtor/creditor relationship and use the legal concept of compensation as a method of payment for their respective debts, making it easy to comply with...more

White & Case LLP

Mexican VAT Refunds are subject to a Drastic Change affecting Business Models in Mexico

White & Case LLP on

The Supreme Court of Justice of the Nation resolved the case 413/2022 holding that the civil law rule to offset receivables and payables between parties to a transaction is not considered payment for VAT credit purposes....more

Hogan Lovells

Jurisprudencia en Materia de Impuesto al Valor Agregado (IVA)

Hogan Lovells on

La Segunda Sala de la Suprema Corte de Justicia de la Nación ha emitido una jurisprudencia en materia de IVA que puede conducir a resultados no lógicos y no comerciales. Las empresas que operan en México deben ser conscientes...more

Hogan Lovells

Precedent in Value Added Tax in Mexico

Hogan Lovells on

The Second Chamber of the Mexican Supreme Court of Justice has issued a VAT precedent which can lead to counter-intuitive and non-commercial outcomes. Businesses operating in Mexico should be aware of this....more

Holland & Knight LLP

Suprema Corte de Justicia de México aclara la compensación civil en relación al pago del IVA

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La Segunda Sala de la Suprema Corte de Justicia de la Nación (SCJN) de México, en la sesión del 15 de marzo de 2023, resolvió la contradicción de tesis 413/2022, prevaleciendo el criterio consistente en que la compensación...more

Hogan Lovells

Mexico | Taxation and Collection Master Plan for 2023

Hogan Lovells on

The Tax Administration Service published the coordination strategy for taxpayer audits for the fiscal year 2023, which mainly consists of management by the tax authority for taxpayer compliance, actions for the auditing of...more

Hogan Lovells

México | Plan Maestro de Fiscalización y Recaudación para 2023

Hogan Lovells on

El Plan Maestro de Fiscalización y Recaudación para el ejercicio de 2023 publicado por el Servicio de Administración Tributaria publicó la estrategia de coordinación para la fiscalización de contribuyentes, la cual...more

Freeman Law

Buying Real Estate in Coastal Mexico: Tax Implications in the U.S. & Mexico

Freeman Law on

Tulum, Cabo, Cancun, and Playa del Carmen are not only wonderful vacation destinations in Mexico, they are also very attractive destinations for American investors. Clients interested in acquiring real estate in Mexico, often...more

Braumiller Law Group, PLLC

Hot Topics in International Trade - April 2022 - IMMEX - More of What You Need to Know

IMMEX is an acronym that in Spanish stands for Industria Manufacturera, Maquiladora y de Servicios de Exportacion (Manufacturing, Maquiladora and Export Services Industry). It is a program from the Mexican federal government...more

Foley & Lardner LLP

Imminent outsourcing reporting obligation for VAT-IEPS Certified companies and others to Mexican Tax Authority (SAT)

Foley & Lardner LLP on

The General Foreign Trade Rules for 2022 (Rules) were published on December 24, 2021, and became effective January 1, 2022. The Rules provide that companies registered in the Companies Certification Scheme under the VAT...more

Holland & Knight LLP

Reforma Fiscal en México para 2022

Holland & Knight LLP on

Los siguientes son aspectos relevantes de la iniciativa presentada el 7 de septiembre del 2021, por el Ejecutivo Federal de México, que reforma, adiciona y deroga entre otros ordenamientos, la Ley del Impuesto sobre la Renta,...more

McDermott Will & Schulte

Mexican Federal Government Submits Proposed 2022 Economic Plan

McDermott Will & Schulte on

Last month, the Mexican federal government sent the proposed 2022 Economic Plan (the Proposal) to the Congress of the Union, which includes the 2022 Federal Budget, as well as the 2022 Revenue Law (Ley de Ingresos) and...more

Holland & Knight LLP

Acuerdo sobre Impuesto Mínimo Global y sus implicaciones para México

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Tras la culminación del proyecto Erosión de la Base Desplazamiento de Beneficios (Base Erosion Profit Shifting o BEPS) en 2017, proyecto creado para combatir la erosión de la base gravable y estrategias para la transferencia...more

Snell & Wilmer

Outsourcing of Personnel in Mexico: Scrapped. General Considerations

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In our prior publication, we discussed an omnibus bill presented by Mexico’s President to Congress in November 2020. The bill proposed abolishing outsourcing of personnel in Mexico. Since then, the bill has now been...more

Foley & Lardner LLP

Mexico: There Is a (Growing) Liability in Your Fixed Assets – Which You Know You Have

Foley & Lardner LLP on

Fixed assets represent a significant capital investment for manufacturing companies, though, once made, they are just there to produce as expected and that is it, right? Not quite. We have recently seen a surge in Mexican...more

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