Tax reform puts Mexican auto industry ‘at risk,’ groups say

Sep 23, 2013 | 09:52 AM | Rodrigo Alonso

Tags  Mexico tax reform, automotive industry, value-added tax, VAT, Amia, Amda, Ina, Enrique Pena Nieto Rodrigo Alonso

MEXICO CITY — A tax reform proposal by Mexican president Enrique Peña Nieto "puts our operations at risk," local automotive associations warned this week.

The proposed tax changes "would mean an increase in production costs and a competitiveness loss" for the whole Mexican automotive industry, the associations asserted.

Mexican automakers’ association Amia, automotive distributors group Amda and auto parts manufacturers association Ina are among those raising the issue, criticizing the proposed creation of an automotive tax that would establish a value-added tax (VAT) on imports of machinery, equipment and raw materials.....

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