What kinds of taxpayers are released from gathering and self-keeping the Supportive Transfer Pricing Documentation?

Last November 12th was published Rule I.3.8.3 in the Federal Official Gazette, releasing taxpayers from gathering and self-keeping the supportive Transfer Pricing Documentation of transactions with Mexican Related Parties, in the following cases:

Last November 12th was published Rule I.3.8.3 in the Federal Official Gazette, releasing taxpayers from gathering and self-keeping the supportive Transfer Pricing Documentation of transactions with Mexican Related Parties, in the following cases:

• When in the previous fiscal year have obtained up to $13,000,000 MXP ($984,850 dollars approximately) of income related to business activities.
• When in the previous fiscal year have obtained up to $3,000,000 MXP ($227,280 dollars approximately) of income related to professional services.

Thus, conditions from Mexican Income Tax Law article 86-XII are same for Mexican and foreign related parties. Such law granted this faculty explicitly to Corporate Entities carrying out operations with foreign related parties.

Should you require further information on this publication, do not hesitate to contact Roberto de Haro Ramírez, PA- Transfer Pricing Manager: [email protected],or + 52 (55) 3687 2700 ext. 2733;