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Mexican Tax Reforms Have Significantly Boosted Revenues: WTO

by Mike Godfrey, Tax-News.com, Washington

06 April 2017


Mexico increased tax collections from 9.7 percent of GDP in 2013 to 13.1 percent of GDP in 2015 after introducing a series a tax reforms, the World Trade Organisation (WTO) has said.

The measures adopted under the 2013 reforms include an expansion of the base for calculating income tax, fewer exemptions from the payment of value-added tax (VAT), revised tax rules for the mining sector, and the introduction of "green" taxes.

The WTO said that Mexico also reduced the number of tariff lines subject to export taxes from 25 in 2012 to two in 2016 – bitumen and asphalt and bituminous mixtures. Mexico also reduced its export rate to from 50 percent to 25 percent during this period.

TAGS: tax | mining | World Trade Organisation (WTO) | Mexico | tax reform

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