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 economic growth is estimated to be between 2% and 3%. The inflation rate is projected at 3.9%, so companies’ budgets could be favourable. Likewise, it is projected to close the 2025 financial year with an exchange rate of 18.7 pesos per US dollar. This would generate a strong incentive for multinational companies to invest in Mexico.
The new government has stressed that the 2025 economic package will not entail changes in taxation, as there will be no increases in VAT or income tax rates, and no major changes to laws are planned. Therefore, companies will be able to continue to develop proper tax management and planning for the coming year.
The main reform proposed by the government is to continue the digital auditing project through in-depth monitoring, digital audits through the tax mailbox and the pre-calculation of taxes with electronic invoicing. In this way, it will be important for companies to implement important internal policies, as well as the correct control and management of digital tax documents related to electronic invoicing, electronic accounting and the filing of taxes through the SAT’s electronic portals.
Digitalization is reaching all sectors, including accounting. The MySPV platform, developed by Auxadi, can accelerate internal processes and thus facilitate your international expansion. Don’t hesitate to contact us.
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All information contained in this publication is up to date on 2024. This content has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this chart without obtaining specific professional advice.No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this content, and, to the extent permitted by law, AUXADI does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this chart or for any decision based on it.