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Mexico Publishes Decree to Implement 2022 Economic Package

17 November 2021

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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 New Car Tax Law, and the Federal Tax Code, which provides for the implementation of the tax measures of the Economic Package for 2022. Some of the main measures include: New tax residence rules are introduced providing that natural or legal persons may not lose (change) their status as residents in Mexico for five years unless tax residency can be proven in another country or territory where their...