OrbitaxBusiness flat rate tax – approved by Congress
|Approved Changes|Mexico
On 14 September 2007, the Senate approved the tax reform submitted by the government to the Congress on 20 June 2007. The most significant aspect of the reform is the creation of a "business flat rate tax” (Impuesto Empresarial a Tasa Unica – IETU) of 16.5%. The IETU Law will enter into force as of 1 January 2008.
IETU was structured to moderate tax benefi…
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