Digital Economy

Mexico’s Finance Ministry said only those apps related to the services sector, specifically hotels and hosting, will be included in the tax to digital economy companies

The original initiative was to turn off the switch for tax infringing digital companies, like Google and Facebook, a measure that would cause an economic loss of over MXN $6 billion per day

Facebook, Google, Twitter, Mercado Libre, and Airbnb are among the digital companies that asked Mexican authorities for more time to comply with the new rules of the 2020 Tax Package

This is an opportunity to establish the foundation of a regulation that will transcend tax collection