The Court has confirmed the constitutionality of the Controlling Beneficiary. [Update]
In Mexico, all entities, whether individuals, corporations, trusts, foundations, or other similar structures, are required to identify their Controlling Beneficiaries. These individuals are those who receive benefits from the entity or exert influence over it, as detailed in the previously published article by Aliza Palatchi. Failure to comply with this obligation may result in fines […]
THE TAX ADMINISTRATION SERVICE POSTPONED THE APPLICATION OF PENALTIES RELATED TO THE CARTA PORTE COMPLEMENT OBLIGATIONS
Last July 16, 2023, the Mexican Tax Administration Service (“SAT” per its acronym in Spanish) published on its website the First Anticipated Version of the Sixth Resolution of Modifications to the Miscellaneous Tax Resolution for 2023, which in its Tenth transitory article, informed that it will no longer be as of August 1st, 2023, that […]
Tax Reform 2021
On December 8, 2020, the Decree amending, adding and repealing several provisions of the Income Tax Law, the Value Added Tax Law and the Federal Tax Code (the “Decree”) was published in the Official Gazette of the Federation (“DOF”), which became effective on January 1, 2021.
Notice of legal entities to inform the RFC of their shareholding structure
In terms of the provisions of Article 27, paragraph B, section VI of the Federal Fiscal Code (“CFF”), legal entities must file a notice with the Federal Taxpayers Registry (“RFC”), through which they must inform the name and RFC code of the partners or shareholders, each time any modification or incorporation is made with respect […]
SAT suspends deadlines and legal terms
On May 4, 2020, the sixth anticipated version of the First Resolution of Amendments to the Miscellaneous Tax Resolution for 2020 was published on the Tax Administration Service (“SAT”) website.
Possibility of not paying fines resulting from the declaration of nullity or revocation of the administrative act.
On April 30, 2019, the Tax Administration Service published Annex 7 of the Miscellaneous Tax Resolution, which contains the regulatory criterion 17/CFF/N under the heading: “Declaration of plain and simple nullity or the revocation of the corresponding resolution does not detract from spontaneous compliance”.