International Tax Alert - May 2014

May 2014

As discussed in a previous BDO Tax Alert, Mexico reformed several of its tax laws, effective January 1, 2014. Companies operating under the Decree for the Promotion of Manufacturing, Maquila and Export Services Industry (“IMMEX”) and companies performing transformation or repair services under a “consignment” agreement with a foreign principal are significantly affected by these reforms. The following table highlights important upcoming deadlines and suggested action items relating to these new tax laws, which are each discussed in more detail.