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

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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 & bottom lb ros

More from across our site

Sandy Markwick, head of the Tax Director Network (TDN) at Winmark, looks at the challenges of global mobility for tax management.
Taxpayers should look beyond the headline criteria of the simplification regime to ensure that their arrangements meet the arm’s-length standard, say Alejandro Ces and Mark Seddon of the EY New Zealand transfer pricing team.
In a recent webinar hosted by law firms Greenberg Traurig and Clayton Utz, officials at the IRS and ATO outlined their visions for 2023.
The Asia-Pacific awards research cycle has now begun – don’t miss on this opportunity be recognised in 2023
An intense period of lobbying and persuasion is under way as the UN secretary-general’s report on the future of international tax cooperation begins to take shape. Ralph Cunningham reports.
Fresh details of the European Commission’s state aid case against Amazon emerge, while a pension fund is suing Amgen over its tax dispute with the Internal Revenue Service.
The OECD’s rules may be impossible for businesses to manage, according to tax experts from companies including Shell.
Sanjay Sangvhi and Sahil Sheth of Khaitan & Co explore this legal concept and its implications for companies doing business in India.
The UK government is now committed to replacing the ‘super-deduction’ with a 100% capital allowances regime to offset the impact of the corporate tax rise to 25%.
Corporate tax is set to rise in the UK for the first time in decades, but the headline rate remains historically low despite what many observers think.