Mexico Revises VAT Measure
Mexico recently revised its tax measures for certain sales of goods made abroad, KPMG said in a June 3 post. The measures, which affect manufacturing entities importing merchandise from abroad and operating under Mexico's export service program, will change how…
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value-added taxes are assessed on those goods, KPMG said. Mexico will specifically repeal a rule that allowed the “disposal of the subsequent product” not to be subject to VATs if they were imported through a “temporary importation request.” The repeal takes effect July 8.