According to a media report Mexico reform tax bill on 23 December 2013, which might affect the direct and indirect taxation of corporate taxpayers, has been published in the country’s Official Gazette, completing the approval procedures.
The reforms bill would have decrease corporate income tax by 1% to 29% in 2014 and by a further 1% to 28% in 2015 and a 10% tax will apply to dividend payments which were made by the Mexican resident companies to non-treaty countries and capital gains. However the 17.5% alternative minimum tax has been abolished also known as the “flat tax,” or IETU.
