Mexico Publishes Second Report On Industry-Average Tax Burdens
Mike Godfrey, Tax-News.com, Washington
06 August, 2021
On August 1, 2021, Mexico's federal tax authority released a second report on the effective corporate tax paid by large businesses in various economic sectors.
The publication is intended to assist companies to determine their level of tax risk, with those businesses paying a relatively low rate more likely to attract tax agency scrutiny.
The publication of effective tax rates by sector for large businesses was a commitment made in the country's 2020 tax reform legislation. The first such report on effective tax rates was released on June 13, and the second was released on August 1, both in Spanish only.
The report covers 84 economic activities, up considerably from the 40 that were covered in the previous publication.
The new report includes effective tax rates for the years 2016, 2017, 2018, and 2019.