Mexico Publishes Third Amendment to the Miscellaneous Tax Resolution for 2015

On 2 July 2015, Mexico published the Third Amendment to the Miscellaneous Tax Resolution for 2015 in the Official Gazette. Main measures in the Third Amendment include:

• Take-away foods prepared at convenience stores, minimarkets, etc. are re-categorized as subject to the 16% VAT rate (previously exempt);
• The immediate 100% deduction incentive made available for business located in areas affected by torrential rains that invest in new fixed assets is extended to 31 October 2015 (fixed assets …