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.


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 logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in 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