Mexico’s President Andres Manuel Lopez Obrador said Friday he’ll extend the fiscal support he’s given to northern border towns to 22 towns at the southern border.
- VAT will be cut to 8% from 16% and income tax to be cut to 20% from 30%, and gasoline prices will be adjusted to rates similar to Guatemala, Finance Minister
Arturo Herrerasaid at the same press conference
- The new tax rules take effect at the beginning of 2021
- AMLO is also expanding fiscal support to northern border region through 2024
- Expanded fiscal support includes parts of Quintana Roo, where Chetumal will have...