Category: Tax & International Trade
Fiscal Circular 2013
Electronic filing for annulment proceeding.
Powers of authorized attorneys in annulment proceedings
New scheme of certified company
Regime Strategic Bonded Warehouse.
Fiscal Circular 2012
International Tax Law
Corporate Tax 2008. This article appeared in the 4th edition of The International Comparative Legal Guide to: Corporate
Understanding Mexico’s Single Rate Business Tax
Mexico enacted the Single Rate Business Tax, Impuesto Empresarial a Tasa Unica (IETU), or flat tax, late in 2007. Mexico designed the new measure to strengthen its tax system and to replace the much-criticized assets tax. The new law offers taxpayers an alternative solution designed, from the government’s perspective, for the purpose of eliminating the use of tax havens and discouraging financial planning for tax evasion. The Single Rate Business Tax operates much like an alternative minimum tax. The IRS gave tentative creditability to the Single Rate Business Tax on January 14, 2008.