Welcome
Daily Tax Report: International

Mexico Passes Bill Making Tax Fraud a Type of Organized Crime

Oct. 15, 2019, 9:05 PM

Mexican lower house lawmakers on Oct. 15 passed a bill that would make tax fraud and the purchase or sale of false tax receipts a type of organized crime with stiffer penalties, the country’s Congress said in a statement.

  • Any tax fraud over 7.8 million pesos (~$400,000) would be considered organized crime as well as a national security threat, according to a statement.
  • Such fraud could be punished with prison without parole during the legal process and with two to nine years in prison, the statement said.
  • “The reforms only affect companies that sell or buy receipts that cover up...
To read the full article log in. To learn more about a subscription click here.