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IRS Announces Position on Mexican Unilateral APAs Involving Maquiladora Operations

|Approved Changes|United States
United States

The U.S. IRS has issued a release announcing that U.S. taxpayers with maquiladora operations in Mexico will not be exposed to double taxation if they enter into a unilateral advance pricing agreement (APA) with the Large Taxpayer Division of Mexico’s Servicio de Administración Tributaria (SAT) under terms discussed in advance between the U.S. and Mexican competent authorities. The terms are inc…

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