Tax
From The Report: Mexico 2017
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This chapter provides an overview of Mexico’s tax regime, covering areas of particular interest to investors such as individual and corporate income tax, dividend taxation, foreign operations, tax audits and other investor considerations. This chapter contains an interview with Ricardo González Orta, Partner, Deloitte México.

Articles from this Chapter

Overview

Profitability and practicality: A tax system designed to benefit everyone
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Companies and individuals doing business in Mexico are subject to federal, state and local taxes. Federal taxes in Mexico include direct taxes (corporate and personal income) and indirect taxes, which comprises value-added tax (VAT), excise taxes and Customs duties. Property tax, real estate transfer tax and payroll taxes are the most significant categories among state and local taxes. Tax Policies The Mexican fiscal system has three components: revenue, expenditure and debt. Congress approves…

Viewpoint

Increasing competitiveness: Ricardo González Orta, Partner, Deloitte México, on the hindrances and opportunities of the Mexican tax system
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Viewpoint:Ricardo González Orta The main pillars of the Mexican tax system are federal corporate and personal income tax, value-added tax, excise tax and foreign trade tax, as well as social security contributions. Since 1980 Mexico has transitioned to a system of tax coordination where it was agreed that the federal government would retain the right to collect the most important taxes while granting the states a share in such collection, thus avoiding double taxation and allowing the states…