01 February 2019 Amendments to Mexico's Miscellaneous Tax Regulations for overpayments and tax incentives for the northern border region are effective The amendments to the MTRs include provisions on using overpayments to offset other taxes and tax incentives for the northern border region. Taxpayers that might benefit from these new provisions should ensure they have the documentation necessary for claiming the new benefits. The Mexican Tax Administration (SAT for its Spanish acronym) published the Sixth Resolution of Amendments to the 2018 Miscellaneous Tax Regulations (MTRs) in the Official Gazette on January 30, 2019. The amendments are effective as of that date. In general, the published amendments to the MTRs adopt the draft provisions previously released by the SAT. (For more information on the MTRs and the tax incentives for the northern border zone, see Tax Alert 2019–0184.) The amendments to the MTRs include rules: (1) allowing taxpayers to use overpayments generated before December 31, 2018, to offset tax liabilities for different taxes owed by the taxpayer; and (2) applying the tax incentives for the northern border zone granted by President López Obrador through a special decree published on December 31, 2018.
Document ID: 2019-0283 | |||||||||||||||||||||||||||
