Mexico: Estate and gift tax proposals

Mexico: Estate and gift tax proposals

A tax reform proposal would impose estate (inheritance) and gift tax on individuals for transfers having a value greater than 10 million pesos (approximately U.S. $520,000).

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As proposed, the tax rate would be 10% for transfers between 10 million and 50 million pesos, 20% for transfers between 50 million and 100 million pesos, and 30% for transfers exceeding 100 million pesos. 

A goal of the tax would be to address inequality and to provide for a redistribution of wealth. The proposal was submitted to Congress in September 2016.

 

Read an October 2016 report (Spanish) prepared by the KPMG member firm in Mexico: Impuesto a herencias y donaciones

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