Mexico’s institutions have agreed on elaborating and trying to put into force an Economic Package 2025, which includes numerous foresights and reforms for next year. In a certain way, these measures are aimed at tax policy, State Income and, especially, for Revenue and Budget Act for 2025. Regarding these changes, to be applied from 1st January 2025, must be approved before 31st December 2024. 

The Economic Package foresees a positive environment for foreign investors, as it is estimated to have an economic growth of 2%-3%. The inflation rate would be projected at 3.9%, so that the budgets of companies could benefit. Additionally, it is planned to close the year 2025 with an exchange rate of 18.70 pesos per US dollar. On this way, this would be a great incentive for investment by multinational companies in Mexico. 

The new government has remarked that there won’t be changes to all stuff according to fiscal materia. As it won’t be an increase in VAT or Income tax rates, just like do not establish major changes to laws. Therefore, companies can maintain a correct tax planning and management for the following year. 

The main reform proposed by the Government is to continue digital taxation project by deep surveillance, digital audits by mail tax box and pre-determinations of taxes with electronic invoicing. Therefore, it will be important that companies start to implement important internal policies and proper control and management of digital tax documents, related to electronic invoicing, electronic accounting and the tax payments by the SAT’s electronic portals. 

Therefore, digitalization is also reaching other sectors, such as accounting. So, if you want to have access to MySPV platform, developed by Auxadi, ir order to accelerate internal processes, don’t hesitate to contact us.

Auxadi can become your ideal partner. We offer a one stop shop value added outsourcing services in the areas of accounting and reporting, tax compliance, payroll management and representation services, among others.