Mexico’s Tax Administration Service (SAT) on July 14 published two important transfer pricing rules in the Third Resolution on Amendments to the Omnibus Tax Bill for 2016.
Rule No. 3.9.5 of Resolution on Amendments to the Omnibus Tax Bill for 2016 as published by the Mexico’s Tax Administration Service (SAT) represents an amendment to the exception for taxpayers that allows them not to obtain or maintain transfer pricing supporting documentation if the taxpayer’s taxable revenues in the previous fiscal year are equal to or below MXN 13 million or MXN 3 million in the case of individuals providing independent professional services.
