close
Share with your friends

Mexico: Tax proposals, social security measures

Mexico: Tax proposals, social security measures

The lower house (Cámara de Diputados) in early October 2019 received a legislative proposal to revise and reform certain social security provisions.

1000

Related content

The legislation includes a proposal to revise the rules for determining the base salary for purposes of certain items including overtime payment benefits and for income tax calculation purposes. The legislation further aims to standardize the tax treatment of various benefits such as amounts provided by trade unions, employer contributions for retirement plans, participations in the profits of the employer company, and other items.

A similar initiative was rejected by a Senate committee in late 2018.


Read an October 2019 report (Spanish) prepared by the KPMG member firm in Mexico

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal