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Tax on digital sales to boost Mexico

Wednesday, September 11, 2019

A Mexican sales tax on foreign digital businesses providing audio or visual services could generate tax revenue of about $185 million a year, a senior lawmaker in Mexico's ruling party said.

The finance ministry said Monday it is in talks to levy the charge on foreign online businesses, and the Morena of President Andres Manuel Lopez Obrador has sent a bill to Congress to legislate for the tax, Reuters reports.