Mexico: Tax law changes published in official journal

Mexico: Tax law changes published in official journal

The “Third Resolution on Amendments to the 2016 Omnibus Tax Bill” (Tercera Resolución de Modificaciones a la Resolución Miscelánea Fiscal para 2016) was published on 14 July 2016 in the official journal to amend, revise or repeal various tax measures including provisions concerning:

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  • Information exchange agreements with territories identified as “preferential tax regimes” (regímenes fiscales preferentes)
  • Definition of non-business days (días inhábiles) for 2016
  • Allowing various organizations (e.g., labor unions, chambers of commerce, professional associations) to consult on specific tax issues affecting the organization’s members 
  • Rules for taxpayers to request a new administrative decision from the tax administration 
  • Rules allowing refund claims by individual taxpayers for credit balances of income tax
  • Procedures for DIEMSE (Decreto que otorga estímulos fiscales a la industria manufacturera, maquiladora y de servicios de exportaciónregime) as a system for granting tax incentives with respect to manufacturing, maquiladora and export services  
  • Consultations on transfer pricing, allowing taxpayers to formulate queries to the tax authorities on the methodology for prices in transactions with related parties
  • Treatment of repatriation of investments to Mexico, and treatment of foreign exchange gains 
  • Treatment of losses on holding company disposal of shares in subsidiaries

 

Read a July 2016 report (Spanish) and (English) [PDF 98 KB] prepared by the KPMG member firm in Mexico: Tercera Resolución de Modificaciones a la Resolución Miscelánea Fiscal para 2016

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