Mexico

Mexico

Besides Chile, Mexico is Latin America`s country with the most free trade agreements: altogether 13 agreements have been reached with 52 states, such as the North American Trade Agreement (NAFTA) with Canada and the US as well as one with the EU that was implemented in 2000. Mexico is LATAM`s most important receiving country for German imports. Currently, there are approximately 1900 companies with German capital totaling almost 35 billion USD registered with the Mexican Ministry of Economics. These companies are active in the sectors of automotive, pharma, chemistry and electronics as well as a series of small and medium sized companies working on high-tech solutions.

 

e-Invoicing

Since 2014 companies have to use the e- invoicing system CFDI (Comprobante Fiscal Digital a través de Internet). The invoicing system itself is not being implemented though the state but through third party providers called PACs (Proveedor Autorizo da Certificación). Since the end of 2017, companies additionally have to supply the so-called Complementos-de-Pagos documents which detail all inpayments to the tax authority. Accounting books also have to be deposited electronically. Invoices have to be archived for up to 10 years. More...

Brazil and Mexico: Free Trade in Automotive Sector

Since Tuesday, March 19th, a new free trade agreement for vehicles and car parts is…

Mexico: Trust Register for Tax Incentives planned

On November 13, 2018, the governing party Morena introduced a law initiative that is aimed…

Mexico: Tax Settlement Rules for 2019

While the Mexican economic plan for fiscal year 2018 included neither new tax nor tax…

Mexico: Further Tax Incentives for Northern Border Region

On December 29th, 2018, a decree has been published in Mexico which is aimed at…

Mexico: VAT Reduction of 50% in the Northern Border Region

The Mexican Government has created a fiscal stimulus plan for the northern border region that…

Mexico: Amendments to Income Tax law

On December 4th, legislative changes to the income tax law have been published in the…

LATAM: Economic Recovery 2019

At the end of the super election year it is worthwhile to look at the…

Mexico: What to expect from AMLO`s Presidency

A modern Robin Hood or an obstinate lefty who endangers Mexico`s economy – depending on…

BEPS Action 13 in Latin America

The BEPS Action 13 Report (Transfer Pricing Documentation and Country-by-Country Reporting) offers multinational enterprises (MNEs) a…

Mexico: Complicated Complemento de Pagos

Since September 1st, companies in Mexico have to supplement specific invoices with the „Complemento  para…

Wir benutzen Cookies um die Nutzerfreundlichkeit der Webseite zu verbessen. Durch Deinen Besuch stimmst Du dem zu.