Amendments to various Mexican tax laws were released in November and December 2009, aimed at increasing collections to offset the decline in tax revenues derived by Mexico due to falling oil prices and production, in addition to the worldwide financial and economic crisis.
The key tax amendments for 2010 include the following:

1. The income tax rate sees a temporary increase from 28% to 30% for entities and individuals alike, particularly individuals deriving income greater than six times to the monthly minimum salary. The rate will return to 28% in 2014.

2. There were major changes to tax consolidation, as the deferred income tax is payable in the sixth year. Corporate groups that were already in consolidation will have to pay 25% of the tax in 2010, with the rest payable in the four following tax years.
3. The income tax exemption continues to apply for the total income derived from the sale of an individual's home, when the taxpayer evidences that he or she has lived in the home in the preceding five years. However, the exemption is not allowed if it was already applied during the five years preceding the respective sale.

4. No income tax is assessed on an individual's withdrawals from the retirement and old-age subaccount under the individual account opened pursuant to the Social Security Law, due to unemployment.

5. The general rate of the value added tax increases a point, from 15% to 16%. The rate for the border region likewise increases from 10% to 11%. Transactions carried on in 2009 and paid in the first 10 days of 2010 are subject to the 2009 rates, except in the case of related-party transactions.

6. A 3% excise tax is levied on communication services (telephone service, cable television, etc.), while Internet access is excluded. The special production and services tax on beer, alcoholic beverages, cigarettes, gaming and lotteries is also increased.

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