Mexico toughens transfer pricing documentation requirements

Article Abstract:

Issues concerning Mexican transfer pricing rules for 2001 are examined, focusing on the manner in which documentation requirements have become more stringent and on penalties, which can amount to up to $US8,000, for failure to file required documents. Topics include the purpose behind the rules, which is to have Mexican companies that engage in transactions with foreign parties file information documents regarding the transactions and explain the economic basis for identifying a chosen transfer pricing method.

International trade, International trade regulation

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Proposed tax reform: the details - economic units established; changes to merger and spin-off rules

Article Abstract:

Issues concerning tax reform proposals presented on Apr 3, 2001, to the Mexican Congress by the Federal Executive Office are examined. Topics include goals of proposals, which are to increase taxes on consumption and reduce taxes on investment; and specific proposals regarding such matters as tax year, defining Economic Units as they regard joint business activities, corporate tax rates, employees profit sharing, corporate mergers, and transfer pricing.

Tax reform, Corporations, Corporate income taxes

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Navigating key international tax provisions

Article Abstract:

Issues concerning Mexico's international tax law are examined. Topics include anti-abuse provisions as they apply to low-tax jurisdictions and foreign source income; foreign entities; transfer pricing; thin capitalization rules; and forecasts for tax policy under President Vicente Fox.

Tax law, International aspects, Tax policy

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