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Mexico Publishes Decree to Implement 2020 Economic Package

12 December 2019

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Approved Changes

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Mexico

Mexico has published in the Official Gazette the Decree on amendments to the Income Tax Law, the Value Added Tax Law, the Special Tax on Production and Services Law, and the Federal Tax Code, which provides for the implementation of the Economic Package for 2020. The Decree enters into force on 1 January 2020, although transitional provisions are included for certain measures to apply from different dates. Some of the main measures are summarized as follows: Income Tax Law Updated Permanent Establishment Rules The permanent establishment rules are updated, including the provision that a non-resident will be deemed to have...