They Propose to Pass Books at Zero VAT Rate
5 Articles
5 Articles
The proposed fiscal support for publishing houses seeks to make it easier for girls and adolescents in Mexico to get closer to reading.
The federal government proposed applying zero VAT rate to books to allow publishers and sellers to recover the tax they pay for their expenses. President Claudia Sheinbaum explained that the measure, included in the Economic Package, will represent for the SAT to stop raising about 200 million pesos a year, resources that, she said, will remain in the publishing sector. "What does it represent for the SAT? It is to stop recovering about 200 mill…
Reading time approx.: 1 minutes, 48 secondsBooks will go from being exempt to having zero VAT rate, a modification proposed in the 2027 Economic Package that will allow bookstores, publishers and other companies dedicated to their marketing to recover the tax they pay on their expenses, the Tax Administration Service reported ( [...] The Book charge will have zero VAT rate; tax change represents 200 mdp for publishing houses appeared first in Fo…
It was confirmed that the sale of books in Mexico will go from being exempt from VAT to applying zero rate to benefit the publishing sector. The post Books at zero VAT rate: The SAT adjustment that slows down the editorial crisis appeared first on Capital Mexico.
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