2024-12-24 20:47:55
Mexico to impose 16% VAT on all cross-border platforms!
Recently, the Mexican government announced that since January 1, 2025, it will impose a 16% VAT on all foreign businesses selling through cross-border e-commerce platforms.
At the same time, the tax-free policy and other support will be canceled, and this change has brought a lot of pressure to Chinese cross-border sellers who mainly operate in the South American market.
It is reported that Mexico's previous tax-free policy for the value of not more than 50 U.S. dollars of origin goods, cross-border transportation of not more than 117 U.S. dollars of goods can be entered tax-free:.
But now Mexico's National Tax Administration has made it clear that as long as the goods are stored in warehouses within Mexico, they are subject to VAT.
This policy will inevitably impact the price advantage, logistics and warehousing, and operating costs of Chinese cross-border sellers. Sellers on Amazon, TEMU, SHEIN, Alibaba and many other platforms need to prepare early.
Translated with DeepL.com (free version)
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