VATupdate

Reduced income tax and VAT rates as incentives for the northern and southern border regions

Four decrees issued by the Mexican executive authority on 27 November 2020 (and pending publication in the official gazette) provide tax incentives—including reduced rates of income tax and value added tax (VAT)—for Mexico’s northern and southern border regions. The measures have an effective date of 1 January 2021.

Source: KPMG

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