Mexico to Tax Luxury Item: Pet Food; A 16% Sales Tax to Kick In as Government Scrounges for Revenue
December 29, 2013 Leave a comment
Mexico to Tax Luxury Item: Pet Food
A 16% Sales Tax to Kick In as Government Scrounges for Revenue
AMY GUTHRIE
Updated Dec. 27, 2013 4:04 p.m. ET
MEXICO CITY—Mexico’s pet owners are bracing for a new tax on pet food, which the government recently declared a “luxury item.” Starting Jan. 1, a 16% sales tax will be placed on processed pet foods, part of a fiscal overhaul from President Enrique Peña Nieto that seeks to raise revenue for a government that depends on oil income for a third of its revenue. Read more of this post








