Both Houses of Congress in a fast-track process approved the Economic Proposal for 2022. The Economic Proposal contains tax reform that focuses on eliminating loopholes in the legislation where there are perceived abuses by taxpayers. Companies should assess whether enhancements or modifications to existing structures are required.With prior approval by the Lower Chamber of Congress, the Mexican Senate swiftly approved on 26 October 2021 President Andres Manuel´s Economic Proposal for 2022, which includes the Revenue Law and tax reform. The Congress did not make significant changes to the original proposal. According to the Explanatory notes on the Bill, the tax...