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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.


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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

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