On 18 November 2020, the Mexican Tax Administration (SAT) has issued general tax rules (GTR) for 2020. The GTR includes a new ‘chapter’ related to the mandatory reporting requirements for certain transactions. Mandatory Disclosure Rules (MDR) is similar to the EU’s DAC6 regulation and will be in force from 1 January 2020. The MDR is applicable for reportable transactions, where tax benefit is obtained on or after 1 January 2020.
The SAT requires the submission of an official tax form via electronic filing for reportable transactions. The information included in the official tax form depends on the applicable hallmark.
