BackOn November 12, 2021, the Decree reforming, adding and repealing several tax provisions for the fiscal year 2022 was published in the Official Gazette of the Federation.
It is a robust economic plan, which mostly includes amendments to the Federal Tax Code and the Income Tax Law. Even though the modifications to the Value Added Tax Law, the Special Tax on Production and Services Law, the Federal Law on Duties and the Federal Income Law are fewer, they are not insignificant.
Notwithstanding the large amount of content included in this reform, the absence of a serious and informed debate in the parliamentary process that preceded is striking. The bill proposed by the Federal Executive was approved by Congress practically without any changes.
This shortage in the exchange of ideas to discuss, improve or even eliminate some of the contents
proposed in the different tax laws, prevented the final legislative product from addressing plural, balanced and consensual points of view, which is especially important when carrying out legal modifications in tax matters.
