Tax updates related to North American value chains: Mexican tax reforms prohibiting outsourcing

This Webcast will be presented in Japanese only. 

The Mexican government issued a decree relating to the prohibition of temporary staffing and outsourcing, which was published in the official gazette on Friday, April 23, 2021. The Mexican tax reform focuses on labor law and Profit Sharing Payment (PTU) by covering Income Tax Law, IVA (Value Added Tax), and social insurance taxes.

Japanese companies using temporary staffing and domestic services are expected to be significantly affected by this tax reform. As these measures will be enforced immediately after the bill is passed, it is important to understand this tax reform and evaluate impacts promptly.

KPMG LLP (KPMG US) will collaborate with KPMG Mexico to share an overview of the tax reform and discuss the potential impacts to the value chain of Japanese companies operating in North America.

Main Topics

• Overview of Mexican tax reform
• Tasks that should be conducted in the short term
• Implications to North American value chains and a case study
• Q&A