New Bolsa proposes to lower the tax rate for companies that are listed

The Institutional Securities Exchange (BIVA) wants to propose to the next administration to lower the tax rate by 35% that companies pay to become public, in order to create an attractive ecosystem so that more and more small, medium and large businesses are financed on the national stock market.

Maria Ariza García Migoya, CEO of BIVA, stated that she was very interested in meeting the new administration to present the proposals that she intends to To deepen and propose to the government. "One proposal that we would like to make to the new government is to lower the tax rate that businesses must pay to become public, that is to say 35%, whether it is a more competitive tax, comparable to that of other countries and that gives entrepreneurs a bit more incentive to invest their businesses, it is something we want to discuss with the new administration and we are optimistic because the new government is aware the importance of stock markets to fund business growth, "Ariza said.

After his participation in the presentation of the latest report of the Oxford Business Group (OBG) "The Report: Mexico 2018", Ariza García described that on July 25 begins BIVA operations, where companies listed on the Stock Exchange Mexico's Securities (BMV), in the private debt and capital market, as well as the values ​​of the International Quotation System (SIC), will also start quoting in BIVA.

"We have to wait a bit for things to happen after the start of this July 25, once things are normalized, we already have discussions with companies that would be listed in BIVA and what attracts Pay attention we have, but the process will be spaced out, you have to inform the BMV and the investors who will make the change and make the transition process to be listed in BIVA and leave the BMV ", described the director of the new Bolsa in Mexico.

When asked how long it will take for BIVA to register its first IPO, María Ariza hopes that this year will not be one, but another; However, he said the markets live an atypical year.

"I would like to say that this year is the first IPO and I hope that others will come but now we have no exact date; we are in an atypical year, where a number of problems cause a little more volatility in the markets, and once the new administration takes possession and the markets absorb this information, they can stabilize and realize that at that point we will come back to follow the course, "said Ariza.