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Mexico’s new value-added taxation on electronic providers

Thursday, July 16th, 2020

Mexico’s new value-added taxation on electronic providers

Mexico has actually formally joined up with the list that is growing of imposing some kind of electronic income tax. Mexico’s Congress regarding the Union passed away an amendment into the Value-Added taxation Law that will enable when it comes down to taxation of online marketing meant to consumers located in Mexico, no matter whether the distributor includes a physical appeal in-country. The brand-new principles will capture impact on 1 Summer 2020.

VATL modification summary

Mexico’s Value-Added taxation legislation (VATL) modification calls for all the selection of value-added income tax (VAT) at a regular price of 16 per cent on some electronic services made by international manufacturers to people positioned in Mexico. (more…)