New Market Report: Cigarettes in Mexico
During 2013, the president Enrique Pena Nieto introduced a controversial tax increase that impacted several products and services like high caloric foods and beverages, pet food, interstate transportation and salaries among others. The preferential VAT rate at border cities was also removed. All those new taxes took effect the first day of 2014. During the time that the government was evaluating and deciding which new taxes to approve, the political party PAN proposed an increase at the cigarettes special tax...
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