Mexico: Congress approves tax reform package for 2020

November 07, 2019

On 30 October 2019, Mexico’s Congress has approved the tax reform for 2020 which was presented by President Andrés Manuel López Obrador’s on September 8, 2019. The Reform incorporates fundamentals of the Base Erosion and Profit Shifting

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Mexico: Congress approves legislation considering tax fraud as organized crime

October 22, 2019

On 15 October 2019, Mexico’s Congress has passed legislation considering tax fraud as organized crime. Purchase or sale of false tax invoice, unlawfully obtains a tax subsidy, fails to include accrued income in a tax return or fails to remit VAT

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Mexico: Tax reform proposal in economic package 2020

September 17, 2019

On 8 September 2019, Mexican president Andrés Manuel López Obrador’s presented Economic Package for the fiscal year 2020 to Congress. The economic package proposed following tax reform measures: Transparent Entities International

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Mexico publishes Annexes to Miscellaneous Tax Resolution 2019

May 09, 2019

On 29 April 2019, Annexes of the Miscellaneous Tax Resolution for fiscal year 2019 (Resolución Miscelánea Fiscal para 2019, RMF 2019) were published in the Official Gazette published. The location of the administrative units of the Tax

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Mexico: Tax Administration issues new incentive for interest on corporate debt bonds

April 30, 2019

On 29 April 2019, the Mexican Tax Administration (SAT) in its Official Gazette published the Miscellaneous Tax Code (MTR) of 2019.  Accordingly, the regulations grants special tax incentive decree for interest on corporate debt bonds. The

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Mexico: Tax Administration Service publishes Q&As with respect to transfer pricing comparability adjustments

April 24, 2019

On 29 March 2019, the Mexican Tax Administration Service published, on its website, frequently asked questions (Q&As) regarding transfer prices with respect to comparability adjustments. However, 15 January 2019 in Mexico City Government

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Mexico: SAT publishes the Miscellaneous Fiscal Resolution for 2018

December 05, 2018

On 30 November 2018, the Tax Administration Service (SAT) published in its portal the "Fourth of Modifications to the Miscellaneous Fiscal Resolution for 2018" and its annexes. Modifications to the value of operations with related parties within the

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Mexico publishes the Fourth Resolution of Modifications to the Miscellaneous Fiscal Resolution for 2018

December 05, 2018

On 30 November 2018, the Fourth Resolution of Modifications to the Miscellaneous Fiscal Resolution for 2018 and Annexes 1, 1-A, 3, 7, 11 and 23 were published in the Official Gazette. Among others the modification added as a criterion in terms of

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Mexico: Tax authority updates the transfer pricing adjustment rules

September 06, 2018

Recently, the Mexican tax authorities issued the Second Resolution of modifications to the 2018 Miscellaneous Tax Resolution (MTR) in which the rules regarding transfer pricing adjustments were amended and certain additional provisions were

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Mexico: The tax authority issues new rules regarding transfer pricing adjustments

July 28, 2018

On July 11, 2018 the Mexican Tax Authority (SAT) has  published amendments to the rules for transfer pricing adjustments now included in rules 3.9.1.1-3.9.1.5 of Resolución Miscelánea Fiscal (RMF). These rules include the definition of transfer

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Mexico: Government declares new decrees regarding Special Economic Zones

April 29, 2018

Mexico has declared two new decrees that providing for the initiation of two new special economic zones (SEZ) in States of Campeche and Tabasco, in the official Gazette. They are designed for where they are most needed, and to boost productive

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Mexico modifies transfer pricing filing due dates

February 28, 2018

As a result of an amendment to Article 32-H of the Federal Tax Code (FTC) became the due date amended for submission simplified informative returns on the tax situation taxpayers who choose to file an ISSIF and do business with related parties need

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Mexico releases online platform for Transfer Pricing Informative Returns

November 29, 2017

On 1 November 2017, the Mexican Tax Administration (SAT) released the online platform and digital formats for the new informative statements for taxpayers required to submit the new Transfer Pricing Informative Returns under Article 76-A of the

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Mexico: Congress approves budget for 2018

November 16, 2017

Mexico’s Congress gave final approval to the federal budget for 2018 on 15th November

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Mexico presented budget proposal and tax reform for 2018

September 24, 2017

The Minister of Finance submitted the budget for 2018 to the Congress for its approval on 8th September 2017. The Proposed Budget includes the Federal Revenue Law (Revenue Law), General Economic Policy Guidelines and the Federal Spending Budget

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Mexico announces incentives for special economic zones

September 03, 2017

On 10 February 2017, the Ministry of Finance announced the creation of special economic zones (ZEEs). Legal entities and individuals with entrepreneurial activities in a ZEE would enjoy an income tax exemption during a 10-year period and a 50%

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Argentina: DTA with Mexico enters into force

August 23, 2017

On August 23, 2017 the Agreement for Avoiding Double Taxation (DTA) between Argentina and Mexico entered into force. It will be applicable from January 1, 2018 for withholding taxes (for payments made from that date) and for income and asset taxes

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Belgium, Mexico protocol to DTA enters into force

August 23, 2017

On 19 August 2017, the amending protocol of Double Taxation Agreement (DTA) between Belgium and Mexico was entered into

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