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Mexican Congress Approves Tax Reforms for 2010


by John R. Cohn View Biography
Sam L. Merrill View Biography
Thompson & Knight LLP View Firm Credentials
Dallas Office

Manuel Rajunov-Tawil View Biography
Thompson & Knight LLP View Firm Credentials
Mexico, D.F. Office

Joe A. Rudberg View Biography
Thompson & Knight LLP View Firm Credentials
Monterrey, Nuevo Leon Office

November 20, 2009

Previously published on November 18, 2009

The Mexican Congress has approved the tax reform bill for 2010. The bill makes several changes to the income tax, VAT, and excise taxes as well as modifications to the consolidated tax regime that require certain tax benefits from consolidation to be recaptured after five years. The final bill has been submitted to the President for final approval. Once approved, most provisions will take effect beginning January 1, 2010.


 

The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance.


 

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