TAX AND ADMINISTRATIVE SERVICES, S.C. (TAXAS) is a group of individuals that are strengthening efforts to provide “quality services” to their clients. Each individual has acquired their own experience in some of the most important Accounting Firms around the world, and due to this, you can be certain of the quality of our services. Our fees are based on the benefits you obtain, which are possible because of the “PERSONAL SERVICE” we provide and the fact that the work is supervised by professionals with fifteen or more years of experience. The combination of all our resources allows us to provide the best consulting services when you require them. We actually have offices in Monterrey and Mexico City.

MEXICAN TAX REFORM 2008 On October 1, 2007, the President enacted legislation establishing two new tax burdens, reformed diverse federal tax laws and repealed the Asset Tax law. The new taxes are: the Single or Flat Rate Business Tax (referred to as “IETU” for its acronym in Spanish or “Flat Tax”) and the Tax on Cash Deposits (referred to as “IDE” for its acronym in Spanish), both of which aim to increase the tax revenues. This bulletin highlights the most important aspects of these new taxes, and  summarizes certain other reforms made to the Mexican Income Tax Law (“MITL”), the Excise Tax law the Federal Tax Code (“FTC”), and provides case studies on the application of the Flat Tax.