On November 8, 2023, the Second Chamber of the Supreme Court of Justice of the Nation (SCJN), ruling on an appeal sponsored by our Firm, declared the unconstitutionality of the collection of fees and annual endorsement for the installation of solar panels for the fiscal year 2022, at the municipal..

In reference to our Client Alert of September 14, 2023, regarding the Economic Bill for 2024, we bring to your attention the following.

On October 11, 2023, the “Decree granting tax incentives to key sectors of the export industry, consisting of accelerated depreciation of investments in new fixed assets and additional deduction of training expenses” (the “Decree”) was published in the Official Gazette of..

On September 8, the Executive Branch submitted to the Mexican Congress the Economic Bill for Fiscal Year 2024. This bill includes the General Economic Policy Criteria, the Federal Revenue Law initiative and the proposed Federal Expenditure Budget.  

On August 4, 2023, the Promulgation Decree of the Protocol that Modifies the Agreement of July 9, 2008, between the United Mexican States and the Federal Republic of Germany to Avoid Double Taxation and Fiscal Evasion in Matters of Taxes on Income and on Wealth was published on the Federal..

On June 5, 2023, the "Decree to promote investment by taxpayers engaged in productive economic activities within the Isthmus of Tehuantepec" (the "Decree") was published in the Federation’s Official Gazette.

As of January 1st, 2022, the obligations to (i) identify and collect information of the controlling beneficiaries of legal entities, trusts and other legal concepts and (ii) establish duly documented internal control procedures in order to obtain and keep the complete and updated information of..

On March 15, 2023, Mexico submitted before the Organisation for Economic Co-operation and Development its instrument for ratification of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (“Multilateral Instrument”)...

On March 15, 2023, the Second Chamber of the Mexican Supreme Court of Justice ("MSCJ") issued a binding ruling stating that the value-added tax ("VAT") paid through the offset of debts is not creditable. 

Article 185 of the Income Tax Law establishes a tax incentive that allows individual taxpayers who make deposits in special personal savings accounts, make premium payments on insurance contracts based on pension plans related to age, retirement or retirement, or acquire shares of investment funds..

We invite you to read the latest edition of the "Survey on Economic Employer 2022", published by Taxand, in which our partner Manuel Tamez participated as a specialist for the Mexico chapter.

As of January 1st, 2022, the obligations to (i) identify the controlling beneficiaries of legal entities, trusts and other legal concepts and (ii) establish duly documented internal control procedures in order to obtain and keep the complete and updated information of such beneficiaries came into..

On October 12, 2022, the Chamber of Senators of the Congress of the United States of Mexico has approved the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the “Multilateral Instrument”), which was submitted for..

On September 8, 2022, the Executive Branch submitted to the Mexican Congress the initiatives for the Federal Revenue Law, the General Guidelines for Economic Policy and the proposed Federal Budget Initiative for the 2023 fiscal year.

The new electronic invoices’ ("CFDI” as per its acronym in Spanish) complement named payroll receipt 1.2 is integrated with the version 4.0 of the CFDI as of January 1st, 2022, although there is a coexistence period with the previous version 3.3 from January 1st to June 30, 2022,..

Derived from the pandemic caused by SARS-CoV-2 or COVID-19 virus, the Tax Administration Service had offered very few or no availability to schedule appointments in its offices, which taxpayers need in order to arrange and carry out certain procedures to comply with their applicable tax..

Learn more about the recognitions that our firm has received from the World Tax Review publication.

On September 7, 2021, Mexico’s President submitted before Congress the proposed bill of amendments to several tax laws that, if approved, will enter into force on January 1st, 2022 (the Proposed Amendment.) The Proposed Amendment includes relevant modifications for the oil and gas sectors..

By means of press release 066/2021 issued on 13 June 2021, the Tax Administration Service published in its webpage the parameters with respect to the effective tax rates applicable to the measurement of tax risks corresponding to forty economic activities for fiscal years 2016, 2017, 2018 and..

Business in Mexico is typically carried on through two types of corporate vehicles regulated by the Mexican Mercantile Companies Law:

Learn about the 2020 tax reform that went into effect this year, which incorporates the obligation to file a notice with the Federal Taxpayers Registry every time a modification or incorporation of partners or shareholders is made.

Learn more about the Secretary's agreement of the Ministry of Finance and Public Credit, which establishes the parameters on the minimum amounts for which the chapter on disclosure of reportable schemes will not apply.

This December 8, 2020 was published in the Official Gazette of the Federation, the Decree by which various provisions of the Income Tax Law, the Value Added Tax Law and the Fiscal Code are amended, added and repealed of the Federation.

The Federal Executive submitted a bill to the Congress of the Union containing various reforms aimed at regulating the regime of labor outsourcing in our country.

Distressed Assets | United States-Mexico Chamber of Commerce.

On July 24, 2020 the Second Amending Resolution to the Miscellaneous Tax Resolution (“MTR”) for fiscal year 2020 was published the Official Gazette.

On July 24, 2020, the Second Resolution of Modifications to the Tax Miscellaneous Resolution for 2020 (the “Resolution”) was published on the Federal Official Gazette.

The Mexican Income Tax Law (“MITL”) provides that taxpayer may request the reduction of the amounts of monthly income tax (“IT”) advance payments due, payable as of the second semester of the relevant fiscal year.

Notice regarding the modification or incorporation of members or shareholders to the Federal Taxpayers’ Registry

Indirect Tax: Taxand firms respond to COVID-19 outbreakman

Indirect Tax: Taxand firms respond to COVID-19 outbreak.

On May 4th, 2020, the Tax Administration Service (SAT) published, on its website, the sixth version of the anticipated First Amendment to the Miscellaneous Tax Resolution for 2020.

On March 20 and April 20, 2020, the “Agreement by which inherent terms and deadlines of administrative procedures are suspended and administrative benefits regarding tax obligations are granted, to prevent the spread of COVID 19” and the “Agreement that modifies the Resolution by..

On April 22, 2020, the fourth anticipated version of the First Resolution of Modifications to the Tax Miscellaneous Resolution for 2020 (the “Resolution”), was published on the Tax Administration Service’s (“SAT”, as per its acronym in Spanish) website. Said..

TAXAND Firms espond to COVID-19.

TAXAND Firms espond to COVID-19.

TAXAND: COVID-19 measures for indirect taxes.

Taxand: Summary of measures announced in response to the spread of COVID-19.

Taxand: Summary of measures announced in response to the spread of COVID-19.

The tax reform for fiscal year 2020 contemplates the incorporation of article 5o.-A to the Federal Fiscal Code of the Federation (“FFC”), which establishes that legal acts that lack of a business reason and generate a direct or indirect tax benefit will be recharacterized by the tax..

On October 17, 2019, the Report of the Finance and Public Credit Commission was published in the Parliamentary Gazette.

The tax reform initiative for fiscal year 2020 contemplates the incorporation of Chapter III Bis to the Value Added Tax (“VAT”) Law, which establishes certain obligations for residents abroad without a permanent establishment in Mexico that provide digital services to recipients..

The determination of arm’s length transfer prices for transactions involving intangibles is one of the major topics in international taxation and at the focus of multinational enterprises (MNEs), tax authorities and tax advisors worldwide.

One of the most relevant aspects of the tax reform for fiscal year 2020 is the incorporation of a new section XXXII to article 28 of the Mexican Income Tax Law (“MITL”), an article that describes non-deductible expenses for income tax purposes.

On July 31, 2019 the Oficial Gazette of Mexico City published an agreement extending the period applicable to the general resolution.