Refreshed tax code to bring in the new year
Refreshed tax code to bring in the new year
Significant changes to Mexico’s taxation code, approved by Congress last year, take effect on January 1, 2014, as federal authorities seek to clamp down on tax evasion and widen the country’s taxable base.
After a 20-hour session, the Mexican Senate Wednesday morning approved historic legislation that will open up the country’s stagnant energy sector to private investment.
In his first year of office Mexican President Enrique Peña Nieto has overseen a sluggish economy with an expected growth rate less than half (1.3 percent) of that registered in his predecessor Felipe Calderon’s debut year (3.1 percent).