Changing regulations: A look at recent tax reformsOBGplus
On October 31, 2013, the Mexican Congress approved a number of tax amendments for the 2014 period, which went into effect on January 1, 2014. As a result of the different measures approved, the federal government expects to receive revenue of around MXN4.4trn ($341.9bn), which is 12.82% above the 2013 revenue budget. The 2014 Federal Revenue Law used certain estimates and projections in the budget, such as an average dollar/peso exchange rate of $1:MXN12.90 ($1:MXN13.36 at the time of writing), an inflation rate of 3% (annualised at 4.63% at the time of writing), a projected average price for crude oil of $85 per barrel ($97.84 at the time…
