- Mexico has introduced new withhold income tax and VAT obligations for crowdfunding platforms
- Collective Financing Institutions will replace legal entities in complying with obligations to withhold and pay VAT
- Withholding must be made by applying the rate established in article 1 of the VAT Law on the nominal value of accrued interest
- The tax withheld by Collective Financing Institutions will be considered creditable for the legal entity if all requirements are met
Source: regfollower.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
