Tax reform in Mexico for 2014
Congress approves final changes
WHITE PAPER |
On Oct. 30, 2013, the Mexican Congress approved sweeping tax-related changes that will likely be signed into law by President Pena Nieto by the end of 2013. The bill contains many changes that will be of concern to U.S. companies with Mexican business interests, including significant modifications to the taxation of Maquiladoras and substantial increases in the Mexican value-added tax.
RSM’s Ramon Camacho and Edgar Lopezlena summarize the bill and highlight certain measures that affected companies should consider in order to potentially reduce or eliminate adverse tax effects.