A tax legislative proposal, presented to the Mexican Congress in June 2020, would temporarily reduce the value added tax (VAT) rate to 10%, from the current rate of 16%, for the remainder of fiscal year 2020. This reduced VAT rate would be intended to provide relief regarding the coronavirus (COVID-19) pandemic.
Source: KPMG
Latest Posts in "Mexico"
- Mexico’s 2026 Tax Package Introduces Stricter Electronic Invoice Rules and Criminal Penalties
- Mexico Broadens Registry of Companies Under Digital VAT Regime
- Mexico Updates List of Registered Non-Resident Digital Service Providers for September 2025
- Understanding VAT Compliance and CFDI Requirements in Mexico’s Tax System
- E-invoicing in Mexico: A Quick Guide to CFDI Compliance