= Doing Business reform making it easier to do business.
= Doing Business reform making it more difficult to do business.
DB2012:
Dealing with Construction Permits:
Mexico made dealing with construction permits faster by consolidating internal administrative procedures.
Getting Credit:
Mexico strengthened its secured transactions system by implementing a centralized collateral registry with an electronic database that is accessible online.
Paying Taxes:
Mexico continued to ease the administrative burden of paying taxes for firms by ending the requirement to file a yearly value added tax return and reduced filing requirements for other taxes
DB2011:
Starting a Business:
Mexico launched an online one-stop shop for initiating business registration.
Dealing with Construction Permits:
Mexico improved construction permitting by merging and streamlining procedures related to zoning and utilities.
Paying Taxes:
Mexico increased taxes on companies by raising several tax rates, including the corporate income tax and the rate on cash deposits. At the same time, the administrative burden was reduced slightly with more options for online payment and increased use of accounting software.
DB2010:
Starting a Business:
Business start-up was eased by establishing an electronic platform for company registration, substantially reducing the number of days for registration, and eliminating the requirement to register with the statistical office.
Paying Taxes:
Taxpaying was eased by introducing electronic payment systems for payroll, property, and social security taxes.
DB2009:
Paying Taxes:
A new tax law was introduced that abolishes the asset tax (IMPAC) and the possible eventual amalgamation of income tax applicable to corporations and individuals with business activities. A new withholding tax on cash deposit interest is being implemented, and new reporting rules were introduced for value-added tax.
Resolving Insolvency:
The bankruptcy law was amended to make reorganization more accessible. Now debtors and creditors may enter into a reorganization agreement at any stage of the insolvency procedure, which is expected to speed the process.
DB2008:
Registering Property:
A new notary fee schedule was issued which reduced the costs of registering property.
Paying Taxes:
The corporate tax rate was reduced from 33% in 2004 to 30% in 2005, to 29% in 2006 and to 28% for 2007 and subsequent years.