Mexico Tax Reforms, How They Could Affect Expats Spencer Richard McMullen - The Yucatan Times
go to original December 4, 2013

Very extensive reforms have been made to Mexico´s tax laws and have been finalized in November, 2013 and will become effective on January 1, 2014 not giving give people a lot of time to prepare.

No, and that’s going to be a problem. First, because all the appointment times at the SAT offices (Mexico’s tax department) are filled for quite a while, and second, because some of the changes will affect banks and businesses quite a bit. I think it’s going to be a messy transition as many will be unable to comply in time with only 1 week left until the government goes on vacation and returns January 2nd when the new laws take effect and even then there may be delays of weeks for people to be able to get appointments at the tax office to set themselves up or make changes.

There are new IVA sales taxes.

It’s now going be 16% nationally (whereas it’s been about 11% in the border areas), and it will include taxes on soda, chewing gum, and pet food throughout Mexico. Those weren’t included in the past. So, people with pets should stock up at Costco before the new year. Dog shelters will be especially hard hit. And, for people driving back from up north after Christmas, or coming back from nationalizing their vehicles at the border, they’ll want to fill up their tanks near the border, where the gas tax will still be 11% until the end of the year.

Read the rest at The Yucatan Times

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