Mexico’s Congress on 31 October 2019 approved the tax legislation for 2020—legislation that includes amendments to the income tax law, value added tax (VAT) law, and the special tax on production and services, among other items.
With regard to international tax provisions, the legislation reflects changes to the income tax law that generally reflect the base erosion and profit shifting (BEPS) recommendations of the Organisation for Economic Cooperation and Development (OECD) with regard to:
Read a November 2019 report (Spanish) [PDF 256 KB] prepared by the KPMG member firm in Mexico
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