VAT in Mexico is governed by the Value-Added Tax Act (Ley del Impuesto al Valor Agregado). It is the country’s main indirect tax and is applied at a standard rate of 16%, however there is a 0% rate for exports and the supply of local goods and services. As with any other indirect tax, VAT is not paid directly, but is transferred or charged to a third party until it...
Labour market reforms undertaken in 2012 did not produce the intended results of facilitating the creation of formal employment in Mexico, essentially reforming workers’ rights to give employers more power over their staff. Four significant changes can be observed in articles 15 A, 15 B and 15 C, which, unsuccessfully tried to regulate...
The expected scenario for the real estate sector in Mexico City – the largest urban concentration in the country – is strong stable growth. This is due to the conclusion of policies, including the National Housing Policy begun in 2013, which seek to promote the orderly and sustainable development of the sector, its standardisation and the...
Companies and individuals doing business in Mexico are subject to federal, state and local taxes. Federal taxes in Mexico include direct taxes (corporate and personal income) and indirect taxes, which comprises value-added tax (VAT), excise taxes and Customs duties. Property tax, real estate transfer tax and payroll taxes are the most...
Since 2013 the government of President Enrique Peña Nieto has been pushing for a major overhaul of the Mexican public education system. While opposition from powerful teachers’ unions has slowed progress on an education reform bill, a 2013 constitutional change has deepened the government’s commitment to improving the quality of Mexican...
With much of President Enrique Peña Nieto’s reform agenda taken up by sweeping changes to the energy, telecoms and education sectors, the Mexican health sector has rarely made front page news. But while structural reform was put on the political backburner, impressive strides have been made to tackle the rise of non-communicable diseases (NCDs...
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