Turning the tax tables – ITR’s Mexico Special Focus launched

International Tax Review is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8ND

Copyright © Legal Benchmarking Limited and its affiliated companies 2025

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Turning the tax tables – ITR’s Mexico Special Focus launched

editorial251651709.jpg

As Mexico travels through a period of tax reform, ITR has partnered with leading advisors to give you the key takeaways for the upcoming year and decade ahead.

Click here to read the entire 2020 Mexico Special Focus guide



Mexico has entered into a period of tax transformation. 

Despite calls from the market, the lead-up to the changes has taken time. In fact, in 2019, Mexico was ranked 36th out of 36 OECD countries in terms of tax revenue-to-GDP ratios, achieving just 16.1% compared with the OECD average of 34.3%.



This proved to be the final straw as sweeping changes were introduced, particularly in reference to strengthening compliance, improving revenue potential, and challenging base erosion and profit shifting.



As Mexico’s leaders bring the tax transformation over the line, the demand for expert guidance remains high. The harsh impact of the COVID-19 pandemic means that authorities and taxpayers have additional challenges ahead. 



Partnering with three leading firms who are closest to the action, ITR brings you practical insight, in English and Spanish, into some of the most significant recent developments from the Mexican tax world.



The federal regime to ensure the adequate disclosure of operations that qualify under the term ‘reportable schemes’ is the subject of Chevez Ruiz Zamarippa’s article. The domestic reform reflects guidance set forth by Action 12 of the BEPS Action Plan.



The article by QCG Transfer Pricing Practice discusses the method and results behind an innovative, comparative analysis created to evaluate the returns of companies located in both emerging and developed economies. The ‘country risk adjustment’ study looks at whether there is a positive correlation between location and returns, and whether the formula used corresponds to theoretical-economic assumptions.



Meanwhile, the article from Skatt provides a comparative study of Mexico’s tax-related response to the coronavirus pandemic, in contrast with international efforts. Guidance from the OECD and examples of bespoke strategies from around the world are evaluated against Mexico’s rather reserved approach. 



We hope that you enjoy hearing from the tax leaders at the front of the evolution in our Mexico Special Focus.




Click here to read the entire 2020 Mexico Special Focus guide



more across site & shared bottom lb ros

More from across our site

Firms are spending serious money to expand their tax advisory practices internationally – this proves that the tax practice is no mere sideshow
The controversial deal would ‘preserve the gains achieved under pillar two’, the OECD said; in other news, HMRC outlined its approach to dealing with ‘harmful’ tax advisers
Former EY and Deloitte tax specialists will staff the new operation, which provides the firm with new offices in Tokyo and Osaka
TP is a growing priority for West and Central African tax authorities, writes Winnie Maliko, but enforcement remains inconsistent, and data limitations persist
The UK tax agency has appointed six independent industry specialists to the panel
The two tax partners have significant experience and expertise in transactional and tax structuring matters
Katie Leah’s arrival marks a significant step in Skadden’s ambition to build a specialised, 10-partner London tax team by 2030, the firm’s European tax head tells ITR
Increasingly, clients are looking for different advisers to the established players, Ryan’s president for European and Asia Pacific operations tells ITR
Using tax to enhance its standing as a funds location is behind Luxembourg’s measures aimed at clarifying ATAD 2 and making its carried interest regime more attractive
Encompassing everything from international scandals to seismic political events, it’s a privilege to cover the intriguing world of tax
Gift this article