On 8 September 2015, Mexico's President Enrique Peña Nieto submitted a tax reform package for 2016 to the National Congress. Key proposed measures are summarized as follows.
Transfer Pricing Documentation Requirements
The package includes the implementation of new transfer pricing documentation requirements in line with the OECD guidelines developed as part of Action 13 of the BEPS Project, including:
- A local file - providing information on the local taxpayer, its business activities, rel…