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OECD Praises Mexican Education as Government Proposes 7% Small Business VAT Rate

  • Mexico’s SAT and President Sheinbaum proposed a simplified tax framework for micro and small businesses that would let them pay an effective 7% tax on income, based on the average net tax burden after deductions, as an alternative to complex accounting and tax recovery processes.

Source: mexicobusiness.news

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.



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