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This Week in Mexico

This Week in Mexico Mexico’s 2020 Tax Reform Focuses on Income The new tax reform for the tax year 2020 was published in in the Federal Official Gazette of Mexico, amending provisions of the Income Tax Law, the Value-added Tax (VAT) Law and the Federal Tax Code, among other laws, on December 9, 2019. The […]

Mexico manufacturing contraction slows in January

Mexico´s economy officially contracted in 2019 after sluggish industrial output and falling business investment. There was also a slowdown in services. The collection of circumstances created a drop in employment and they contributed to the country’s weakest economic performance since 2009.  Kicking off 2020, January continued to reflect a decline in growth but the IHS […]

The Advantages of Manufacturing in Mexico

The Advantages of Manufacturing in Mexico Mexico has replaced China as American companies’ most favorite manufacturing base. It is favored due to various reasons, one of which is it helps to boost the American economy since most raw materials used in those maquiladoras are imported from the USA. While the ultimate advantage of offshoring the […]