January 3, 2020 / 6:51 PM / 21 days ago

Mexico says digital platforms have til July 1 to comply with new tax obligations

MEXICO CITY, Jan 3 (Reuters) - Mexico’s finance ministry said on Friday that digital platforms have until July 1 to start complying with new tax obligations, part of the government’s strategy to increase the overall tax take.

The measures will “facilitate compliance with existing taxes, through a mechanism in which the platforms contribute to the tax authority by withholding taxes, and do not contemplate new taxes or an increase in current tax rates,” the ministry said. (Reporting by Anthony Esposito; editing by Stefanie Eschenbacher)

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