Taxable persons can recover input VAT (also known as 'credit VAT') charged on goods and services acquired in the course of running their business. In Mexico, it is possible to declare and deduct Mexican input VAT within the VAT return.
However, VAT can only be credited in the same proportion that the corresponding expense is deductible for income tax purposes. Therefore, if an item of expenditure is only partly
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Web page updated on 17 Mar 2025 16:54