The DOF proposed to defer reductions to personal income taxes under the Tax Reform for Acceleration and Inclusion .
The DOF also planned to impose taxes on cryptocurrencies, but the STSRO admitted further studies are required to explore this possibility.The DOF also proposed the expansion of the Value Added Tax base which will remove exemptions except for those in the education, agriculture, health, and raw foods sectors.
Connected to it is the repeal of the excise tax exemption of pick-ups and the imposition of taxes on motorcycles.House Bill 8400 and Senate Bill 1979 are also expected to be carried over by the new congress, which will open its first regular session on July 25. The proposals seek to establish a single and rationalized fiscal regime applicable to all mining agreements.
The STSRO said this proposal sees the additional tax passed on to consumers and must be reviewed accordingly.
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