Taxpayers will have to disclose reportable transactions under the mandatory disclosure regime (MDR) enacted as part of the Mexican tax reform on 9 December 2019, in early 2021. The MDR went into effect on 1 January 2020.
Scope
Although the Organisation for Economic Co-operation and Development’s Base Erosion and Profit Shifting (BEPS) Actions are focused on international transactions, each country may incorporate internal mechanisms under which MDR reporting also covers domestic arrangements.…