Mexico readies roll-out of tax deal with technology platforms

5/7/2019 – Bloomberg

techBy Eric Martin and Andrea Navarro

Mexico’s Finance Ministry plans to announce the roll-out of a landmark tax deal with technology platforms in the coming weeks, a top official said Monday.

Deputy Finance Minister Arturo Herrera confirmed the plans in an interview at Bloomberg News offices in Mexico City, while declining to elaborate. Bloomberg reported in November that the previous administration reached an agreement with Uber Technologies Inc. in which the platform will withhold taxes from partners who gain income from both its ride-hailing and food delivery services.

The country has been looking for ways to boost tax collection that’s the worst among members of the Organization for Economic Cooperation and Development. The previous administration was also in talks with Netflix Inc. to collect sales taxes from users. Airbnb Inc. had stepped away from talks that would have required the home-sharing website to collect income tax from its hosts.

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