02 April 2019 Mexican Tax Administration issues Amendments to Mexico's Miscellaneous Tax Regulations on tax incentives for the northern border region Taxpayers should monitor the publication of the draft of the Ninth Resolution of Amendments to the 2018 Miscellaneous Tax Regulations as it will be effective as of the publication date. The amendments clarify the application of the tax incentives for businesses in the northern region and allow for other incentives to be combined with the tax incentives for the northern border region. On March 28, 2019, the Mexican Tax Administration (SAT for its Spanish acronym) released, on its website, the draft of the Ninth Resolution of Amendments to the 2018 Miscellaneous Tax Regulations (MTRs). The proposed amendments provide additional rules for the application of the northern border region tax incentives. For additional information on the MTRs related to the northern border region tax incentives, see Tax Alerts 2019-0066, 2019-0184 and 2019-0283. The amendments are not effective until they are published in the Official Gazette. The amendments extend the deadline for filing the notice to enroll in the value added tax (VAT) registry from February 7, 2019 to June 30, 2019. Taxpayers may claim the VAT benefits once they receive an acknowledgment from the SAT that it has received the notice. The amendments to the MTRs also clarify that: (1) taxpayers included on the list of non-compliant taxpayers as a result of fines being canceled may apply for the VAT tax incentive; (2) taxpayers that have performed any business with non-compliant taxpayers may apply the income tax and VAT incentives, provided that their tax situation is amended (i.e., they no longer do business with the non-compliant taxpayers) before the tax incentive request including the supporting documentation; and (3) certain tax incentives may be combined with the tax incentives for the northern border region, such as:
Document ID: 2019-0676 | |||||||||||||||||||||||||||||||
