= Doing Business reform making it easier to do business.
= Doing Business reform making it more difficult to do business.
DB2013:
Starting a Business:
Mexico made starting a business easier by eliminating the minimum capital requirement for limited liability companies.
Getting Electricity:
In Mexico the distribution utility made getting electricity easier by streamlining procedures, offering training opportunities to private contractors, using a geographic information system (GIS) to map the electricity distribution network and increasing the stock of materials.
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:
Mexico eased the business start-up process by establishing an electronic platform for company registration, reducing the number of days for registration substantially, and by removing the requirement to register with the statistical office.
Paying Taxes:
Mexico has eased the paying of taxes by introducing electronic payment systems for payroll tax, property tax and social security taxes.
DB2009:
Paying Taxes:
A new flat tax was introduced effective January 1, 2008, and the asset tax was abolished as from the same date. A new withholding tax on cash deposit interest will be implemented by July 1, 2008. New reporting rules were introduced in 2007 for VAT.
Resolving Insolvency:
Mexico amended its bankruptcy law to make reorganization more accessible. Now debtors and creditors may enter into a reorganization agreement at any stage of the insolvency procedure.
DB2008:
Registering Property:
A new notary fee schedule was issued which reduced the costs of registering property.
Paying Taxes:
Mexico reduced the tax burden for companies by reducing the corporate income tax rate.