Release

Initiative with draft decree amending and adding article 129 of the Income Tax Law (“LISR”)

On February 28, 2024, it was published in the Parliamentary Gazette of the Chamber of Deputies of the Mexican Congress, the initiative with draft decree, which amends and adds Article 129 of the Income Tax Law (the "Amendment").
The main reason for the Amendment is the legislators' intention to tax the profits derived from the sale of cryptocurrencies.
Specifically, the Amendment seeks to introduce cryptocurrencies that have been acquired for a period of at least one year to the catalog of Article 129 of the Income Tax Law, taxing their gains at a rate of 10%.
The Reform is pending approval by the Chamber of Deputies.

This press release is provided for informational purposes only and does not constitute legal advice applicable to any particular case or situation.
Should you have any questions regarding this press release,
please contact Mauricio Basila, mbasila@basila.mx,
(5255)5520-3063 

2022 © Basila Abogados - derechos reservados - developed by ITSnet