Tax Reform 2014 | Mining Industry
Tax Bulletin 10/2013
On October 31, the Mexican Congress approved the overall Federal Tax Reform with some changes. It is now expected to be published in the Official Gazette before the end of the year to be enforced starting January 1, 2014. This Tax Reform changes many pieces of Legislation in Mexico including the changes to the Federal Duties Law which contain the new mining duties.
Some of the changes included in the Tax Reform that was approved are described in this document and should be considered by Mining Companies.
- Special Mining Duty
- Additional Mining Duty
- New Extraordinary Mining Duty
- Other Relevant Changes