The European Union removed the de minimis VAT exemption for low-value goods previously set at a value of up to 22 euros (US$ 27). In general, excise taxes, such as VAT, sales tax, and excise taxes, are often classified as indirect taxes. This is because they are not
The American Chamber of Commerce of Mexico questioned new rules related to foreign trade and the energy industry in Mexico. “We view with concern the recent changes established in the General Rules of Foreign Trade for 2020; particularly, rule 2.4.1 that came into force on June 12 of
The subscriber base in Virtual Mobile Operators (MVNOs) in Mexico increased 14.1% at the end of 2020 compared to 2019, going from 1.77 to 2.02 million lines. Furthermore, according to the Federal Telecommunications Institute (IFT), it is estimated that the lines served by OMV will grow to 2.52
Colgate-Palmolive Company reported that it reduced its share of the global toothpaste market in 2020. The company’s share of the global toothpaste market was 39.8% for 2020, this is 0.7 share points less than in 2019. Worldwide, the company is the leader in the commercialization of this product.
Bio Pappel registered a 23.2% year-on-year increase in its corrugated box sales in 2020, to 14,989 million pesos. The production of corrugated boxes is one of the main businesses of this Mexican company and represents a significant part of its profit. This business does not have cyclicality, however,
The agricultural segment of Ferromex, subsidiary of Grupo México, has increased its importance in recent years as a generator of income for the company. After reaching 32.7% in 2018 and 32.8% in 2019, Ferromex’s share of the income derived from the agricultural segment increased to 34.6%, according to