Mexican taxpayers face new rules
March 04, 2009
Updated transfer pricing rules released on February 20 place a significant burden on both taxpayers and practitioners, beginning with the calendar year 2008.
Considerable additional information must now be disclosed by the accountants issuing statutory tax audit reports. Under these new provisions, taxpayers are required to provide more details to comply with transfer pricing and the auditor is required to take on more responsibility to abide by their obligations too.. These requirements are to help the tax authorities identify potential transfer pricing risks.
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