On 17 October 2016, the Mexican Office of the Taxpayer Advocate launched a public consultation on the draft administrative rules for the submission of Country-by-Country reports, Master files and Local files. The new documentation requirements apply for fiscal years beginning on or after 1 January 2016. The Master file and Local file requirement applies for companies with annual revenue in the preceding year exceeding approximately MXN 645 million (threshold adjusted yearly), and the CbC repo…