Mexico’s lower house approves 3% telecom tax plan

22 Oct 2009

Mexico’s Chamber of Representatives, the lower house of the Congress of the Union, has approved legislation introducing a 3% excise tax on telecommunication services, BNamericas reports. Initial proposals had called for the tax to be 4%, but lawmakers reduced the levy by one percentage point. Critics of the plan have argued that the tax could lead to higher prices for customers as companies look to pass on the new costs, with low-income Mexicans thought to be the most likely to suffer as a result of the new levy. Before it is officially introduced however, the duty still needs approval from the senate.

Mexico