Reforma en México: A tax reform discussion

Doug McHoney (PwC's US International Tax Services Leader) and Lissett Tautfest (PwC's International Tax Services Leader in Mexico) discuss a multitude of topics related to Mexican tax reform. Specific points of conversation include: the legislative process in Mexico; the timing and ratification process of the recent tax reform legislation; the relationship between Mexico and the OECD; the current corporate and withholding tax rates in Mexico; how interest deductibility will be computed after Mexican tax reform; notable exceptions to the interest deductibility rule; important questions businesses should consider pertaining to interest deductibility; when regulations may be issued related to non-deductible payments; how Mexican tax reform will affect foreign transparent vehicles; how Mexican tax reform will affect foreign service providers; and how Mexico has codified 'business purpose.'