Mexico: PRODECON publishes final rules for country-by-country reporting

April 2017

Overview

Article 76-A of Mexico’s Income Tax Law, which went into effect on January 1, 2016, requires certain taxpayers in Mexico to submit the following three information returns: Master File, Local File, and Country-by-Country (CbC) Report. The deadline for filing 2016 returns is December 31, 2017.

PRODECON (The Tax Ombudsman) announced final rules concerning those returns on April 3, 2017. In general terms, the final rules are consistent with Action 13 of the Base Erosion and Profit Shifting (BEPS) guidelines and provide greater detail than that contained in the Mexican Income Tax Law (MITL).

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