Mexican flat tax incentive for Maquila operations extended to December 2013

Latin American Tax Newsalert

In an effort to mitigate the adverse impact caused by the introduction of the flat tax (IETU) on the Maquila industry, a presidential decree, issued November 5, 2007, granted various tax benefits to Maquiladoras. The incentive was previously available through December 31, 2011. However, the incentive will now be available until December 31, 2013.

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