ey-global-tax-policy-outlook-for-2015

Mexico
2.7 Current tax policy and tax administration
leaders
Tax policy leaders
•
• Luis Videgaray Caso, Secretary of Finance and Public Credit
• Miguel Messmacher, Undersecretary of Revenue
•
• José Francisco Yunes Zorilla, Chairman of the Finance and
Public Credit Commission, Senate
Tax administration leaders
•
•
2.8 Key tax policy changes in 2014
• In addition to the 2014 Tax Reform, the following regulations
and rulings have been issued:
• Mexican tax authorities issued temporary tax regulations
no. 76) to comply with the obligation to report so-called
“relevant transactions.” In March 2014, the Mexican
Supreme Court issued a ruling that allows the deduction
of pro rata expenses paid to residents abroad so long as
certain requirements are met.
• Temporary tax regulations (details) on reporting
accounting through electronic systems were issued in
July 2014.
• Temporary tax regulations were issued on maquila
transactions (permanent establishment exemption) in
July 2014.
•
with respect to royalties, interest or technical assistance
payments performed by a Mexican entity considered
transparent for the purposes of foreign legislation.
• In November 2014, the Mexican Supreme Court issued
a ruling granting a temporary stay of execution of
amparo lawsuit.
2.9 Country position on OECD Base Erosion
and Prot Shifting (BEPS) Action Plan
•
BEPS Action Plan, making interest, royalties and technical
assistance payments to a foreign entity that controls or
is controlled by the taxpayer non-deductible if the foreign
entity is a transparent entity; the payment is considered in
the recipient country as nonexistent or the foreign entity
does not consider the payment as taxable income. Payments
to a related party are nondeductible if the same payment is
considered as a deduction by another related party resident
in Mexico or abroad.
2.10 Pending tax proposals
• PAN Congressmen (Partido Acción Nacional) are attempting
to reintroduce a 11% VAT rate (border zone rate).
• PAN Congressmen are trying to reintroduce an immediate
deduction for income tax purposes (the immediate deduction
was eliminated with the 2014 Tax Reform).
2.11 Consultations opened/closed
• Not applicable
• In September 2014, temporary tax regulations on VAT
refunds were issued (refund on a maximum 20-day period)
projects provided certain requirements are met.
•
to detail and to add other requirements to pro rata
expenses deductions.
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