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MexDer News

MexDer News

Two minute lockout
MexDer nominated by FOW as "The Emerging Exchange of the year" Awards 2007 Award ceremony
IOMA 2007 hosted by MexDer video
MexDer ranking #5 in the World according to FIA 2006
FIA Annual Volume 2006
On December 18 MexDer will carry out the delisting of the IPC options, the migration and listing of the IPC Options on Futures Contracts.
Mutual Funds are authorized to trade Derivatives by the National Banking and Securities Commission (CNBV) and the Central Bank of Mexico in December 2006
Modifications to the Federal Income Tax Regulation authorize private pension funds to use derivatives for hedging, October 3, 2006.

Filters for Volume and Price Changes for entering orders
Mexican Insurance Companies and Bonding Institutions may use derivatives products for the first time on MexDer. As published in the Official Gazette of the Federation on Circulars F-7.3 and S-11.4, respectively
Net capital rules for Banks will increase trading on derivatives by reducing the equity capital cost making net positions possible between organized exchanges and over the counter markets. As published in the Official Gazette of the Federation.
Important Tax news
The Federal Income Tax Regulation (Art. 199) eliminates the withholding of the income tax to residents from abroad on TIIE (Interbank Interest Rate) Derivatives and Derivative securities issued by the Federal Government traded on MexDer. 23/Dec/2005
Euro / MXN Peso Futures Contract at MexDer
Global Accounts are approved in MexDer, view a summary of the main modifications.
MexDer is ranked fifth place world-wide in trading volume of futures contracts by the end of 2004. View the statistics published by the Futures Industry Association



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Tax performa


Tax Year 2008
Tax Year Ended 30.6.2008
Residential Status: Resident
Computation of Tax Payable

Income From Salary (Section 12)

Total Exempt Taxable
Rs. Rs. Rs.
Basic Salary xxxxxx --------- Xxxxxx
Overseas Allowance xxxxxx --------- Xxxxxx
Dearness Allowance xxxxxx --------- Xxxxxx
Cost of living Alloawance xxxxxx --------- Xxxxxx
Bonus xxxxxx --------- Xxxxxx
Commission xxxxxx -------- Xxxxxx

Salary Xxxxx Xxxxxx

House Rent Allowance (when only Allowance is given) Xxxxx -------- xxxxx
Rent Free Unfurnished/Furnished Accommodation
when Option is given
House Rent Allowance
45% or MTS/Basic Salary Whichever is Higher

Wages of Watchmen, Gardner at house paid by empl…

sale tax

Important Supporting Concepts and Tables

Zero-rated Supplies
The supplies which are taxed at the rate of ‘0%’ are called zero-rated supplies these are:-
Exported goods
DTRE (Duty and Tax Remission Exports)

Exempted Sales
Exempted supplies means locally sold goods which are purchase in previous month

Commercial Exporter
Commercial exporter means a registered person who has no manufacturing facility of his own and exclusively makes zero-rated supplies or ‘same stated goods’.

Same Stated Goods
Same Stated goods mean goods purchased by a commercial exporter or manufacturer cum exporter against tax invoice for export as such.

Section 8B(I) SRO 647(1) 2007
Under this section Total input tax should not exceed 90% of the total output tax. It is a maximum limit of input tax in general case. Normally it is given when sales are made to Registered person. However there are some exceptions to the section:
Exception to the section.
This section 8B (1) shall not apply in case of;
Commercial importer
Whole seller

Fair Tax


The FairTax eliminates the tax bias against investment.
Under the FairTax, savings and investments are not taxed at all. As Americans save more money, the pool of funds in lending institutions grows. When you add to this the flood of capital currently trapped offshore, we realize a huge increase in the pool of capital, thereby causing the cost of borrowing funds to drop.
The FairTax dramatically increases investment levels compared to the current income tax system.
Investment is important to all wage earners because of the relationship that exists between real wage rates and the level of capital investment per worker. In fact, the most significant contributing factor to achieving higher real wages is the level of capital investment per worker. A worker or farmer, for example, is more productive if he has more machinery and equipment to work with, particularly new equipment that incorporates the latest te…