Río Lerma No. 232 Piso 9
C.P. 06500, Ciudad de Mexico
Tel: + 52 (664) 622-7872
Simón Somohano, Deloitte Mexico (Galaz,
Yamazaki, Ruiz Urquiza, SC), is a tax partner based in
Mexico City and Tijuana responsible for the transfer
pricing practice in Latin America and the Caribbean
He has more than 26 years of experience in the
application of tax, economic and financial criteria in
transfer pricing, anti-dumping/subsidy investigations,
valuation analysis of intangibles, double tax treating
issues, planning, business model optimisation,
structuring and economic consulting.
Under his leadership, Deloitte's regional transfer
pricing practice has been consistently recognised as
one of the leading practices in Latin America,
including winning the 2016 award for Mexico Transfer
Pricing Firm of the Year from International Tax
He has consistently been named as one of the world's
leading transfer pricing advisers by the prestigious
Transfer Pricing Expert Guide published by
Euromoney/Legal Media Group.
His clients include several Fortune 500
multinational companies doing business in Mexico. He
has extensive experience and a successful track record
leading the Mexican negotiations of advanced pricing
agreements (APA); mutual agreement procedures (MAP) and
transfer pricing examinations with Mexican and foreign
authorities, teaming with colleagues in Deloitte's
global transfer pricing network. In this venue,
Simón led the technical and economic team that
successfully obtained in 2016 a hallmark resolution on
a transfer pricing dispute through the recently
introduced alternative dispute resolution procedure:
Simón advises in a variety of industry
sectors, mainly automotive, manufacturing and
maquiladoras, retail and consumer goods, real estate,
technology, and the energy and resources market.
He also provides specialised counselling to clients
in several anti-dumping and subsidy investigations.
Simón is a frequent guest speaker in
international business forums in Mexico and abroad.
He has authored various articles on transfer pricing
in specialised journals and is a co-author of the
Transfer Pricing International Handbook, A
Country-by-Country Guide published by the International
Tax Institute and Transfer Pricing, and A Theoretical,
Legal and Practice Framework, published by the
Institute of Chartered Accountants (Mexico).
His professional accreditations and affiliations
include being a board member of the transfer pricing
committee of the Institute of Chartered Accountants. In
addition, as the lead transfer pricing adviser to the
National Export Manufacturing and Maquiladora Council
(INDEX), Simón has lead the technical
negotiations for the establishment of a transfer
pricing methodology applicable to about 700 Maquiladora
APA requests with the Mexican and US tax authorities.
He has also been certified as a financial consultant
from Mexico's Securities and Banking Commission.
He holds a MSc degree in economics and finance from
Warwick University's Business School (UK) and a BA in
economics from Pan American University (Mexico