On 5 September 2018, proposals for certain reforms were presented in Mexico's Congress, including for the reintroduction of a reduced VAT rate for certain regions along the border with the United States. Previously, an 11% reduced VAT rate applied, but was abolished from 1 January 2014. Two proposals have reportedly been put forward. The first would introduce a reduced VAT rate of 8%, with the standard 16% rate applying on real estate. The second would also introduce a reduced VAT rate of 8%,…