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Mexican deputies approve ISR reform limiting corporate deductions

Original: renta

Deputies in Mexico have approved a reform to the ISR income tax law that restricts companies' ability to deduct expenses and losses. The change, promoted by the Grupo Animal bloc, is expected to increase the tax burden on businesses, which warn it could affect investment and pricing. Reactions are divided between those who see it as closing loopholes and critics who call it a de facto tax increase on companies.

Why now: A freshly approved tax reform affecting corporate deductions directly impacts businesses and taxpayers, sparking debate.

Cámara de DiputadosISRGrupo AnimalMexico

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