Archive: Mexico
![Mexico’s Supreme Court rules on treatment of capital losses [TAX ALERT]](http://tmagazine.ey.com/wp-content/uploads/2010/06/Search-NewsPicture.jpg "Mexico’s Supreme Court rules on treatment of capital losses [TAX ALERT]")
Mexico’s Supreme Court rules on treatment of capital losses [TAX ALERT]
May 21, 2013. Tags: capital, Mexico
A recent decision by the Mexican Supreme Court upheld the rules that limit the use of capital losses from the sale of shares to income …
Mexican Chamber of Deputies approves proposed reform to rules for constitutional challenges [TAX ALERT]
April 19, 2013. Tags: Mexico, tax reform
The Mexican Chamber of Deputies approved a proposed reform (the Proposed Reform) to the rules in Mexico for constitutional challenges (Amparo Law). The Proposed Reform is …
Mexican tax administration issues temporary regulations on tax amnesty program [TAX ALERT]
March 18, 2013. Tags: Mexico, Tax amnesty
On 18 February 2013, the Mexican tax administration published temporary regulations on the tax amnesty program enacted in December 2012. Further details are available from the …
Mexico signs eight new tax treaties; accords with Lithuania, Ukraine effective 1 January 2013 [TAX ALERT]
March 8, 2013. Tags: income tax, Lithuania, Mexico, treaty, Ukraine
During 2012, Mexico expanded its treaty network by signing eight new income tax treaties with Estonia, Hong Kong, Latvia, Lithuania, Malta, Qatar, the United Arab …
Tax refund opportunity available under Mexico’s sourcing rules for taxpayers in the Oil and Gas industry [TAX ALERT]
February 11, 2013. Tags: Mexico, oil and gas
Mexico’s sourcing rules may allow foreign entities to claim a refund for withholding income tax (WHT) on payments made by Mexican entities under an offshore …
Mexico’s R&D cash benefit extended for 2013 [TAX ALERT]
January 23, 2013. Tags: Mexico, tax incentives, tax reform
Although research and development (R&D) incentives were eliminated as part of Mexico’s 2010 tax reform, funds again have been allocated by the legislature to extend …
More details on Mexican tax amnesty program [TAX ALERT]
January 21, 2013. Tags: Mexico, tax amendments, Tax amnesty, tax revenues
The Mexican Congress approved a tax amnesty for taxpayers in Mexico late on 13 December 2012; it now awaits presidential signature. We now have more …
Labor Reform and Circuit Court decision may result in expanded Profit Sharing Base in Mexico [TAX ALERT]
January 14, 2013. Tags: dividends and profits, Mexico, tax, transfer of shares
Businesses in Mexico need to take a close look at the substance of their structures that include a service company to perform most business activities. The …
Mexico’s budget for 2013 approved [TAX ALERT]
January 6, 2013. Tags: budget, business tax, income tax, Mexico, tax law
Mexico’s budget for 2013, the Federal Income Act for 2013 (the Income Act), was approved and published in the Federal Official Gazette on 17 December …
Mexico: Budget for 2013 approved
January 1, 2013. Tags: budget, individual tax, Mexico
On 17 December 2012, the Budget for 2013, approved by the Congress on 13 December 2012, was published in the Official Gazette. The tax proposals previously …
Mexico: Labor Reform approved
December 27, 2012. Tags: Mexico, tax law, tax reform
On 13 November 2012, the Mexican Senate approved the Federal Labor Law proposed by the former President, Felipe Calderon Hinojosa. The reform was published on 30 …
Mexican Congress approves tax amnesty program [TAX ALERT]
December 22, 2012. Tags: interest, Mexico, penalties, Tax amnesty, tax policy
The Mexican Congress approved a tax amnesty for taxpayers in Mexico late on 13 December 2012; it now awaits presidential signature. Under the tax amnesty, taxpayers …
Mexico: Revised VAT rules for certified IMMEX companies
December 21, 2012. Tags: double taxation, GST, Mexico, transaction tax, VAT
After a provisional postponement, the new VAT rules for “virtual operations” performed by certified IMMEX1 companies have now entered into force. Learn about the new rules.
Mexico: 2012 administrative guidance report – issued by tax authorities
December 19, 2012. Tags: income tax, Mexico, tax administration, tax code, VAT
On 29 November 2012, the Tax Administration Service issued the 2012 administrative guidance report (Boletín 2012), which compiles 143 criteria on domestic tax matters (federal …
Mexican Judicial Circuit Court reverses lower court on deductibility of pro-rata expenses [TAX ALERT]
November 8, 2012. Tags: Mexico, tax deductions, tax policy, treaty
In June 2012, the Mexican Judicial Circuit level court (“Decimo Tercer Tribunal Colegiado en Materia Administrativa del Primer Circuito”, the “Circuit Court”), on appeal by …
Mexico: administrative guidance – issued by tax authorities
November 8, 2012. Tags: income tax, Mexico, tax administration, tax deductions, VAT
On 22 October 2012, the Tax Administration Service issued administrative guidance (criterios normativos) that was approved during the third quarter of 2012. The administrative guidance issued …
India and Mexico: agreement on mutual administrative assistance in customs matters between India and Mexico signed
October 25, 2012. Tags: customs and trade, India, Mexico, mutual assistance
On 15 October 2012, India and Mexico signed an agreement on mutual administrative assistance in customs matters, in New Delhi.
Mexico: administrative guidance issued by tax authorities
August 31, 2012. Tags: individual tax, Mexico, tax administration, tax benefits, tax policy
On 23 July 2012, the Tax Administration Service issued administrative guidance (criterios normativos) approved during the first semester of 2012. Set out below are a few …
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