OECD BEPS NEWS-Multilateral Convention and CbC Reports

Publicada en Deja un comentarioPublicada en English, Litigation, Tax Advisory

On July 2013, the Organization for Economic Co-operation and Development (“OECD”) issued a plan consisting of 15 Actions to fight tax base erosion and profit shifting by multinational enterprises known as “BEPS”. Action 13 of the plan consists on performing a new transfer pricing documentation analysis, while Action 15 suggests implementing a multilateral agreement by […]

Mexico´s Bill Proposal to Tax Donations and Inheritances

Publicada en Deja un comentarioPublicada en Advisory, English, Litigation, Tax, Tax Advisory

On September 6, 2016, a bill for amending certain provisions of the Mexican Income Tax Law was introduced by congressman Jorge Álvarez Máynez of the Movimiento Ciudadano party. The bill aims to tax inheritances and donations based on the amount of income received. For such, it proposes levying individual taxpayers with a progressive rate as […]

Obligation to Report Income and Transactions in Countries Listed Under the Income Tax Law

Publicada en Deja un comentarioPublicada en English, Litigation, Tax

The recent amendments to the Omnibus Tax Ruling for 2016, restarts the obligation for Mexican residents with investments in certain countries, to report their income and transactions that have been carried out through foreign vehicles or legal entities located in jurisdictions such as: the Netherlands Antilles (Bonaire, Curacao, Saba, St. Eustache, St. Maarten), Aruba, Bahamas […]