Prepare Yourself For 16% Tax Added Onto Food And Medicine
The PRI got their way, and IVA the 16% National Sales Tax has been added to FOOD and MEDICINE. I have already noticed some price increases in other industries (mostly tourist oriented).
Forum Discussion
The new tax doesn't affect basic food stuffs included in the canasta basica.
If 50% of the population pays no taxes, someone has to make up the difference. Mexico isn't the only country with a tax on foods. Many U.S. states have a sales tax on food items.
If 50% of the population pays no taxes, someone has to make up the difference. Mexico isn't the only country with a tax on foods. Many U.S. states have a sales tax on food items.
