The Mexican Tax Authority Publishes New General Rules Related With The Maquiladora Industry

The Miscellaneous Tax Rules for Fiscal Year 2016 (“Tax Rules”) were published in the Federal Official Gazette, on December 23, 2015. The Tax Rules shall be in full force and effect as of January 1, 2016. This alert, is limited to highlight the new rules relevant for companies that operate under an authorization issued pursuant to the Decree for the Promotion of the Manufacturing, Maquiladora and Export Services Industries (“IMMEX Decree”) and which are […]

By |March 2nd, 2016|

Tax Letters: British Columbia 2016 Budget Announcement

On February 16th, 2016, British Columbia Finance Minister Mike de Jong announced the 2016 British Columbia Budget. Summarized below are highlights of some of the measures contained in the Budget.
Housing in British Columbia
Property Transfer Tax
Effective February 17th, 2016 two changes with respect to Property Transfer Tax in British Columbia take effect:

Newly-constructed homes that are priced up to $750,000 will be exempt from Property Transfer Tax when purchased by Canadian citizens or permanent residents and […]

By |March 1st, 2016|

European Union: The Anti-Tax Avoidance Package

Only a few months after the Organization for Economic Cooperation and Development (“OECD”) released its Base Erosion and Profit Shifting (“BEPS”) package for the reform of the international tax system to tackle perceived tax avoidance,1 the European Commission (the “Commission”) presented a set of proposals titled the “Anti-Tax Avoidance Package” (the “Package”) at the end of January. 2

The Commission has been active for many years in the battle against what it sees as “aggressive” […]

By |February 26th, 2016|