Mexico: Tax proposal to promote employment (Quintana Roo state)
Mexico: Tax proposal to promote employment
A proposal intended to promote employment in the state of Quintana Roo (the state located on the Yucatán Peninsula) is pending consideration by the state legislature.
As proposed, an additional tax at a rate of 0.35% would be paid together with the payroll tax. However, there would be a 100% subsidy regarding payment of this additional tax by individuals, corporations, and others if they remit the payroll tax without the intervention of a third-party provider of personnel services.
If approved, this provision would be effective 1 January 2021.
Read a December 2020 report (Spanish) prepared by the KPMG member firm in Mexico
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