Bill Of Tax Amendments For 2016

On September 8, 2015, the Executive branch submitted a tax bill to the Mexican Congress which contains several amendments to the federal tax laws currently in force. If approved, the proposed amendments would apply in 2016.

The proposed bill for tax year 2016 will be subject to discussion and approval by the Mexican Congress and thus the information contained herein may be subject to change.

Some of the most important modifications that are being proposed are the following:

Income tax

Mexican residents

It is proposed:

• To eliminate the generality principle applicable to social welfare benefits given to non-union workers, as well as to eliminate the specific limits to deduct such benefits.