Mexico introduces 16 percent petfood tax

Mexico introduced a 16 percent tax on processed petfood on January 1. The tax will be applied at the retail level.

Mexico introduced a 16 percent tax on processed petfood on January 1. The tax will be applied at the retail level.

In proposing the tax, government officials called pet ownership a "recreational activity," not a basic need.

The tax will not apply to feed for horses, because the government is exempting livestock feed in an effort to support the agricultural sector of the economy.

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