The Secretary of the Treasury, Arturo Herrera, gave the keynote conference at the Expansion Summit 2019 held at the CDMX and talked about how to impose taxes on digital platforms.
Arturo Herrera, Secretary of the Treasury, sent a message of calm for those who fear actions of alleged fiscal terrorism with the new powers that the SAT will obtain next year.
“No. Something that we did in a very specific way to be able to cover those types of concerns is to present to countries where they have similar powers,” Herrera explained when asked if the new faculties will not inhibit the payment of taxes and if he thinks there will be a fiscal terrorism
“It is clear that it is not something new and aggressive that we are doing in Mexico, but that most of the tax systems are evolving there,” added Herrera at the keynote address he delivered at the 2019 Expansion Summit.
The Treasury seeks to improve the public revenue it receives via taxes with greater efficiency in the collection of contributions, given the promise of the president of the republic not to raise or create taxes in the first part of his administration.
The technology has allowed the Mexican government to reduce costs in tax collection processes, he said.
“The entry of digital media, more agile media, has allowed the collection to be more efficient,” he said.
Mexico is not imposing specific taxes on the digital economy as any other economic activity must pay ISR and VAT, said Herrera.
Challenges for the digital economy
Arturo Herrera explained that there is a challenge for the digital economy, in terms of tax rates on these services.
“The digital economy is growing much faster than the rest of the economy does, and increasingly represents a more important part of GDP,” said the secretary.
He explained that the digital economy can be divided into three parts:
Brokerage services (Uber, Rappi, Airbnb). These companies are expected to pay taxes, just as any other worker pays income tax (ISR).
Social media platforms such as Facebook, Twitter or Instagram.
Platforms that offer digital content , for example, Netflix or Spotify. In this case, the secretary said, there must be an import tax.
“In these intangible assets it is not clear what will happen,” Herrera said while recalling the case of France, which after an agreement with the United States may charge a 3% tax on digital services.
The Mazatlan Post