In the Headlines
December 1, 2021

They Consider Change to Credit VAT Excessive


Tax attorneys Mario Barrera and Miguel Rosas were cited in an article published by Mural about Mexico's 2022 Fiscal Miscellany and a possible change to credit the Valued-Added Tax (VAT) in imports. This modification establishes that petitions must be made in the name of the taxpayer to credit the VAT in import operations. Mr. Rosas opined that the change is "excessive."

"We consider in the first place that this is excessive because in many occasions, imports are made through third parties and taxpayers do not make them personally, also that they are not part of their commercial operation," he commented.

For his part, Mr. Barrera explained that the changes in the 2022 Fiscal Miscellany have greater audit controls and discretionary rules.

Their comments were taken from Holland & Knight's "Reformal Fiscal 2022" webinar.

READ: They Consider Change to Credit VAT Excessive

Related News and Headlines