Bulletins 2016-2018

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Annual Report - PROSEC Decree

Based on Article 8 of the Decree establishing various Sectoral Promotion Programs, the companies benefiting from this program have until April 30, 2019 to file the Annual Report for the 2018 tax year. If not, the consequence is that the PROSEC program will be suspended.

April / 03 / 2019

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March / 29 / 2019

Extension the customs centralized electronic payment and to the application of article 81 of the customs lay regulation.

Today was published in the Federal Official Gazette, the "Agreement that modifies the Rules of General Character for the receipt of information of Tax Declarations and the collection of federal resources by the Credit Institutions", through the which added 154 days to the entry in force of Electronic Payment of Foreign Trade (PECE), for which the CENTRALIZED CUSTOMS ELECTRONIC PAYMENT (PECA) will be maintained until September 11, 2019.

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Amendment the general taxes of importation and export law and amendment to the PROSEC decree.

On the publication of the Federal Mexican Journal of March 25, 2019, Mexico again imposed a 15% rate on steel imports with countries with which it does not have commercial agreements, since the Ministry of Economy concluded that there are no conditions for competition free of distortions between the steel industries of different countries.

March / 28 / 2019

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Transfer pricing Alert

Decree effects on border zones in transactions between Related Parties.

The Decree on border zones recently published that reduces for 2019 or generates a subsidy in the income tax rate to be temporarily in 20% and in the added value tax to be 8%, it is not applicable to the following taxpayers:

March / 25 / 2019

Related parties Informative Return – Exhibit 9 DIM

On July 11, 2018, the second Miscellaneous Tax Resolution (MTR) was published for 2018, in which the administrative facility that existed until 2017 was eliminated so as not to declare certain concepts that were originated by intercompany transactions with related parties resident abroad, such as the gain derived from a merger or split; profits for capital reduction and/or liquidation of mercantile entities resident abroad.

November/ 13 / 2018

October/ 09 / 2018

Second Resolution of Modifications to the Miscellaneous Tax Resolution (MTR) 2018 regarding Transfer Pricing adjustments

On July 11, 2018, the second Miscellaneous Tax Resolution (MTR) was published for fiscal year 2018, in which modifications were issued to the rules for Transfer Pricing adjustments.

September/ 25 / 2018

Master File, Local File and Country by Country Report 2017 to submit not later than December 2018

The due date to comply with the obligation referred to in Article 76-A of the Mexican Income Tax Law (MITL) expires on December 31, 2018 for taxpayers indicated in Article 32-H, sections I, II, III and IV of the Federal Fiscal Code that carry out operations with related parties. 

FY 2019 Tax Reform – First Initiatives 

This past Tuesday 4 and Thursday 6 of September, some members of Congress and Senators of the new LXIV Legislature that began activities this month published several initiatives to reform different tax laws in the corresponding official gazettes of the House and Senate Chambers, as well as the initiative to create a new tax on digital services.

September/ 10 / 2018

June / 26 / 2018

Convention to Standardize Tax Treatment in the Pacific Alliance

This past Friday June 22, the Decree approving the Convention to Standardize the Tax Treatment established in the Treaties to Avoid Double Taxation between the States Party to the Pacific Alliance Framework Agreement was published in the Federal Official Gazette.

November / 01 / 2017

Transfer Pricing – Informative Tax Returns
(Master, Local and Country by Country)

Considering the transfer pricing reforms that were incorporated last year into the Mexican Income Tax Law (MITL), and specifically in accordance with Article 76-A, December 31, 2017 is the deadline to file the following three new informative tax returns for FY2016.

Proposal of the FY2018 Economic Package

On September 8, 2017 the Secretary of the Ministry of Finance and Public Credit, José Antonio Meade, presented to the Mexican Congress the proposal for the FY2018 Economic Package, in order to be discussed and approved during the legislative period in course.

September / 22 / 2017

May / 29 / 2017

BEPS Update – Multilateral Convention

This past June 7, 2017, the signing ceremony for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the “Convention”) was held, which includes, along with Mexico, 68 signatories and 9 more countries have confirmed their firm intention to sign

May / 29 / 2017

“Advanced” Second Resolution of Amendments to the Miscellaneous Tax Resolution for FY 2017

On May 25, 2017, the “Advanced” Second Resolution of Amendments to the Fiscal Miscellaneous Resolution (FMR) for FY 2017 was published on the Mexican Tax Administration Service’s (SAT, for its Spanish acronym) website, which is pending publication in the Federal Official Gazette

April / 11 / 2017

Master File, Local File and Country by Country Report Publication of the platform or Auto Application on the SAT page

On October 31, 2017 the SAT released on its webpage, the platform that will be available as of November 1, 2017 to submit the Master File, Local File and Country-by-Country Report referred to in Article 76-A of the Mexican Income Tax Law (MITL).

Second anticipated FY 2017 Miscellaneous Tax Resolution in relation with the Transfer Pricing Adjustments for the current fiscal year by the filing of the Annual Tax Return, Tax Report

On December 10 and 14, 2016 the first and second anticipated FY 2017 Fiscal Miscellanea Resolution were published where rules where issued for transfer pricing adjustments following the closing of the fiscal year. Both publications are identical; they did not delete or add anything to the topic.

Second anticipated FY 2017 Miscellaneous

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Transfer Pricing adjustment rules for the current fiscal year by the filing of the Annual Tax Return, Tax Report (Dictamen Fiscal) or DISIF (Informative Annual Tax Return), at the latest.

On Friday December 9, 2016, the first anticipated FY 2017 Miscellaneous Tax Resolution was published where rules were issued for transfer pricing adjustments following the closing of the fiscal year.

Transfer Pricing adjustment rules.pdf

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FY 2017 Tax Reform

This past Wednesday November 30, the Tax Reform Bill was published in the Federal Official Gazette through a Decree with several modifications and additions to the Income Tax Law, Value Added Tax Law and Federal Fiscal Code, as well as the Federal Law on the Tax on New Automobiles, considering that the Federal Revenue Law was published on November 15, 2016.

FY2017 Tax Reform.pdf

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Tax Administration Service (SAT) statement for the Maquila Industry with IMMEX program for APAs resolutions

On Friday October 14, 2016, the authority through its website of the Tax Administration Service (SAT for its acronym in Spanish), issued a statement regarding the resolution of the Advance Pricing Agreement (APA) for Maquiladoras with an IMMEX Program (for its acronym in Spanish of Maquila and Export Services Industries) that are yet to be concluded by them.

Maquila Industry with IMMEX program.pdf

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Bulletin FY2017 Tax Reform Initiative

Yesterday, September 8, the Economic Package for FY2017 was presented to Congress in which, in addition to several economical proposals, slight modifications are proposed to the tax provisions

Bulletin FY2017 Tax Reform Initiative.pd

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