Mexico: Inheritance Tax

On September 6, 2016, a bill for amending certain provisions of the Mexican Income Tax Law was introduced by congressman Jorge Álvarez Máynez of the Movimiento Ciudadano party.

Se publicó en la Gaceta Parlamentaria de la Cámara de Diputados, una iniciativa de reformas a la Ley del Impuesto sobre la Renta propuesta por el diputado Jorge Álvarez Maynez del partido Movimiento Ciudadano.

On January 26, the Presidency issued a Decree which establishes certain tax incentives for the repatriation of capital (tax amnesty) and certain tax compliance alternatives (tax anonymity) for individuals with foreign source income. This was done to promote the repatriation of productive capital and increase the security of taxpayers derived from their individual tax compliance obligation.