Mexico’s new tax that is value-added electronic treatments

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.