New Federal Revenue Law 2019 in Mexico

Mexico has always generally been one of the more complex countries for compliance matters due to many legal and accounting regulations. On January 1, 2019, the Federal Revenue Law 2019 became effective which has brought about new changes that businesses must be aware of in order to stay compliant. The most relevant modifications to this law are Universal Tax Offset, Regularization of Anti-Money Laundering, Annual Reports and Invoicing, specifically electronic. Although the 2019 Tax Law does not include significant new taxes or rate increases, it includes an important limitation to a taxpayer´s ability to offset or ‘compensate’ favorable balances and balances due from all federal taxes.

For additional information, please contact us

Contact Us Today

Have questions or need help? Reach out directly today.

Get In Touch