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Tax authorities

Servicio de Administración Tributaria (SAT)
Av. Hidalgo 77, col. Guerrero
cp 06300 Mexico, DF
Tel: + 52 1 800 4636 728; +1 877 4488 728 (from US and Canada)
Website: www.sat.gob.mx

Tax rates at a glance

(As of September 2012)

Corporate income tax rate 30% (a)
Capital gains tax 30%
Branch tax 30% (b)
Withholding tax
  Dividends 0% (c)
  Interest 4.9% 10% 21% 28% (d)
  Royalties 25% 28% (e)
  Branch remittance tax 0%
Net operating losses (years)
  Carryback 0
  Carryforward 10
  1. The corporate income tax rate is increased temporarily from 28% to 30% for the years 2010-2012. The rate will decrease to 29% in 2013 and revert back to 28% in 2014.
  2. The flat tax (IETU) of 17.5%, which applies from 1 January 2008, taxes profits determined by excluding from the major part of revenue most expenses and costs [excluding in most cases interest earned or paid, royalties paid or received to or from related parties, and salaries (although a portion of salaries is subject to a tax credit)].
  3. Branches are taxed at the same rates as domestic companies. There is no branch remittance tax.
  4. No withholding tax is levied on dividends paid out of the net tax profit account (CUFIN) to non-residents. If dividends are not paid out of CUFINS, an equalization tax is imposed, equal to the general corporate tax rate on the gross amount.
  5. Various rates of withholding tax are imposed on interest payments. A 4.9% or 10% rate applies to interest paid to non-resident financial entities and banks. A 15% rate applies to interest paid to reinsurance companies. The rate is 21% if the interest is paid to foreign suppliers of machinery and equipment. In all other cases, the withholding tax rate is 28%.
  6. The 28% rate applies to royalties paid for the use of patents and trademarks; the 25% rate applies to all other royalties and technical assistance.

Mexico

David Cuellar, Mario Alberto Gutiérrez and Juan Carlos Rodriguez
PwC
Mexico

Each of this year's presidential candidate included in their proposal a tax reform package with relevant modifications as opposed to the minor changes carried out in recent fiscal years, though any amendments will not take effect until 2013, explain David Cuellar, Mario Alberto Gutiérrez and Juan Carlos Rodriguez of PwC

[Show full article]

Tax

Mexico may get a tax overhaul – much needed and long overdue, according to one adviser – but not before newly elected president Enrique Peña Nieto of the Institutional Revolutionary Party (PRI) takes office on December 1 2012 for a six-year term.The ... [more]

Chévez, Ruíz, Zamarripa y Cía has a large and reputable tax team that is active in all practice areas, serving clients from the industrial, commercial and financial sectors particularly. The tax team, comprising 37 partners and 256 fee earners, is divided ... [more]

PwC

As tax adviser to Pemex, the country's only state-owned oil company, PwC is a leader in tax-related issues in the energy sector. It has drafted opinion letters for Pemex about the tax implications of opening up the country's oil sector and is advising ... [more]

Basham, Ringe y Correa is a full-service law firm with a tax practice that provides tax consulting, tax planning and tax litigation services. The practice, headed by Luis Ortiz Hidalgo, also advises on transfer pricing but does not carry out transfer ... [more]

Javier Goyeneche, who is praised by peers for his skill in corporate tax and M&A, is Deloitte's tax practice leader. The group provides clients with advice and services related to international tax, indirect tax, transfer pricing, and tax litigation. ... [more]

Mancera, an Ernst & Young member firm, advises on international tax planning, tax structuring, transfer pricing, and tax accounting. Over the past year, the tax practice participated in a large portfolio of specialised transfer pricing engagements, including ... [more]

Tron Abogados is a specialist tax law firm covering four practice areas: international tax counselling and planning, tax controversy, estate planning, and tax-exempt organisations. Clients refer to Tron Abogados as a "premier Mexican tax firm" that always ... [more]

Calderón, González y Carvajal has managed to grow rapidly since founding partner and tax leader Alejandro Calderón left Capín, Calderón, Ramírez y Guttiérrez-Azpe to establish this new firm in May 2010. The practice, which comprises three partners and ... [more]

Led by Hector Reyes-Freaner, Baker & McKenzie's tax practice group comprises 10 partners and 45 fee earners. The group, which covers the main tax practice areas, is particularly active in the auto, pharmaceutical, and manufacturing industries. During ... [more]

Muñoz Manzo y Ocampo is a tax consulting firm that advises clients on corporate tax, indirect tax, and tax controversy. In the past year, the practice, led by Alejo Muñoz Manzo and Eduardo Ocampo Gayón, has worked with the Mexican Venture Capital Association ... [more]

See also

Mexico
North America

Firm contact details