The Executive Branch issues amendments regarding debt securities and investment regulations for retirement fund companies
6 mayo 2021

MEXICO

On May 3, the Ministry of Finance and Public Credit (SHCP, in Spanish) published in the Official Journal of the Federation (DOF, in Spanish) the First Resolution with amendments to the Tax Miscellaneous Resolution 2021. This resolution includes tax provisions on debt securities and is already in effect. In turn, on May 6, the SHCP promulgated, through the DOF, the amendments to the general provisions to regulate the investments made by specialized investment companies of retirement funds. The text will become effective on May 7.

Among the most important modifications of the Miscellaneous Tax Resolution, it is noted that Mexican residents who make payments to foreign residents for interest on debt securities in a country with which Mexico has agreed to avoid double taxation, may withhold the corresponding tax at the rate of 4.9% on the total interest of such financing operations.

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