OrbitaxBudget for 2014 – submitted to Congress
|Proposed Changes|Mexico
On 8 September 2013, the President submitted to the Congress the Budget for 2014, which includes a comprehensive tax reform package.
The main tax proposals are as follows:
Income tax
| - | The maximum tax rate for individuals where the annual income exceeds MXN 500,000 (USD 38,400) would be 32%. |
