On August 8, 2018, a Federal Gift and Estate Tax Bill, which was previously submitted two-years back in 2016, was submitted again to the Mexican Congress by its original proponent Deputy Jorge Alvarez Maynez, a member of the Citizen Movement Party. Mexico does not currently tax gifts or inheritances but rather offers a tax exemption. The Congress will see new legislators taking over on September 1, 2018 as the current legislative period ends August 31, 2018. Action on this bill may occur afte…