Credit for Income Tax Paid Abroad by Mexican Entities Mexican residents, whether individuals or legal entities, are required to include foreign-sourced income in their taxable base in Mexico. Without following the proper legal procedures, this can lead to double taxation. According to Article 1 of Mexico’s Income Tax Law, residents are subject to tax on
Preventive actions vis– á- vis the Audit/Tax Examination and Collection Master Plan for 2023 On January 29, 2023, the Mexican Tax Administration Service (SAT) unveiled its Audit/Tax Examination and Collection Master Plan for 2023. Although, in 2023 there was no tax reform and thus new taxes were created or the rates of existing taxes were increased, the SAT has the goal of achieving a higher tax
Implications of synergies in asset valuation and compliance with the arm’s length principle.
The demise of the outsourcing / insourcing scheme in Mexico and its effect on the transfer pricing regime Jesús Aldrin Rojas M. LC, MBA, MGM, Transfer Pricing Expert Witness to the Mexican Federal Judicial Council. Managing Partner at QCG Transfer Pricing Practice. Background On April 23rd of this year the Official Journal of the Federation
