Mexico Mexican congress approves budget for 2019 – from 1 January 2019, taxpayers may only offset taxes of the same type 27 December 201835 views1 min read Source: Orbitax Mexico’s tax reform creates incentives for Northern Border Zone: reduction of VAT rate from 16% to 8% – Taxpayers must file a notice by January 30, 2019 New Free Trade Zone to be created in Mexico-US border – The VAT rate would decrease to 8% in the Border FTZ, compared to 16% in the rest of the country