WEBCAST - Impact of Mexico's New Flat Tax: IETU
A series of two (2) live sessions running for 1 1/2 hours each (a total of 3 hours) delivered to your workstation
New tax legislation in Mexico introduces a flat tax system (IETU) that replaces the asset tax and is effective January 1, 2008. The new flat tax acts as an alternative minimum tax. The existing asset tax provisions are repealed. The IETU will apply to individuals and corporations, as well as PEs of foreign companies doing business in Mexico. The rate of tax will be 16.5% in 2008, 17% in 2009 and 17.5% in 2010. The IETU tax base will be larger than the tax base used for computing the regular Mexican tax liability, and taxpayer’s will be liable for the larger tax of the two. The IETU will not be a creditable tax for U.S. tax purposes.

Topics Include:

  • A discussion of the new tax reform in Mexico
  • The implications of the new flat tax
  • How FIN 48 applies to the new Mexican rules

Up to 3 CPE/CLE Course Credits Available