Economic Indicators

USD Exchange Rate MX: 17.8545 MXN=1
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Sep


CFDI of payrolls applicable from January 1, 2017

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Tax Reform on Personnel Subcontracting in 2017

In the past days, Tax reforms inherent to Income Tax (Impuesto Sobre la Renta (ISR)) and Value Added Tax (VAT) were approved, in connection with Labor sub-contracting, said reforms will become effective as of January 2017.

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Declaration of value in the importation of Merchandise

Since the 2013 fiscal year, the Customs Act was amended and the obligation to submit a written statement, under oath, to the customs agent, as to the items included in the determination of the customs value of the merchandise was included

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Trends in the verification of payments on services and intangibles to residents abroad.

Recently and in several tax forums, tax authorities have mentioned new fiscalization measures focused on payments abroad carried out between related parties.

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2017 Tax Reform Initiative

On September 8, 2016, the executive branch of the Mexican government submitted to the Union Congress a proposal for the 2017 economic package. The main tax changes include the following issues:

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Sep

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