Mexico's Senate Approves 2027 Income Law
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The Mexican Senate has approved the Federal Income Law for the 2027 fiscal year with 73-33 votes. The law defines the state's revenue capture for the next year, including an estimated total of 10.6 trillion pesos (around $570 billion USD) and a debt ceiling of 1 trillion 700 billion pesos. The Income Tax Law (ISR) reforms were included to facilitate compliance and prevent tax evasion, but they will return to the Chamber of Deputies with modifications.
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