Mexico keeps formally joined up with the raising set of nations imposing some form of electronic income tax. Mexico’s Congress associated with Union passed away an modification with the Value-Added Tax Law that will enable when it comes to taxation of web purchases meant to subscribers located in Mexico, no matter whether the seller features a physical existence in-country. The brand-new procedures will bring influence on 1 Summer 2020.
VATL modification review
Mexico’s Value-Added taxation laws (VATL) modification calls when it comes to assortment of value-added income tax (VAT) at a regular price of 16 % on specific electronic service made by international companies to consumers based in Mexico.