Mexico's Federal Revenue Law has been published for 2019 and
there are some changes that businesses operating in the country
must understand in order to stay compliant.
The new laws were proposed by the executive branch and approved
by the legislative branch and will be valid for one calendar year.
The laws explain the estimate of revenues for the year, the target
goals for the next five fiscal years, the explanation of the fiscal
expenditures budgets including stimuli as well as situation of
Banco de México, the proposal for net debt and the
evaluation of the public debt policy. While no new taxes have
been created, there are still many changes.
The new law will affect all residents in the country, both as
individuals and as companies. Budget revenues are estimated to be
5.5 billion pesos, of which 1.045 billion corresponds to oil
revenues and 3.28 billion pesos to tax revenues. The financial cost
of debt is the equivalent to of 3% of the GDP, with the hope
