Mexico: Capital repatriation measures | KPMG | GLOBAL

Mexico: Capital repatriation measures, other tax incentives

Mexico: Capital repatriation measures

The First Resolution of Modifications to the Miscellaneous Fiscal Resolution (Primera Resolución de Modificaciones a la Resolución Miscelánea Fiscal) for 2017 includes rules concerning the capital repatriation measures and the annual information statements of related parties. The rules address, among other items, that for purposes of determining the accumulation of interest income and foreign exchange gain via foreign financial institutions, the applicable factor for 2016 is 0.1647.

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Other tax measures concern guidelines for refunds of value added tax (VAT); the tax treatment of simplified joint stock companies (sociedades simplificadas); legal persons that are taxed based on cash flow; a 10 business day period with respect to requests for functional analysis in transfer pricing queries; treatment on the disposal of infrastructure development actions; and rules on the subcontracting of personnel.

 

Read a 2017 report (Spanish) prepared by the KPMG member firm in Mexico

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