Part 1: Main Aspects of the 2nd Modification of the Miscellaneous Fiscal Resolution for 2020
The Mexican Tax Administration (SAT) released the second modification of the Miscellaneous Fiscal Resolution for 2020 (RMF2020). This is the first of two blogs, where we address some of the main changes in compliance obligations for suppliers of digital services not established in Mexico, and local suppliers of services using those platforms for sales. As a reminder, a new regime became effective on 1 June 2020, imposing an obligation to withhold, collect, report and pay income tax and VAT on foreign suppliers of digital products when consumers of those goods and services are located in Mexico.
Source: SOVOS
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