APA Maquila - Tax - Mondaq Mexico - Mondaq Business Briefing - Books and Journals - VLEX 651634457

APA Maquila

Author:Mr Gerardo Nieto Martínez, Gil Alonso Zenteno, Alejandro Barrera, Víctor Barajas, Sergio Barajas and Mario Barrera
Profession:Basham, Ringe y Correa, S.C.

On October 14, 2016, the Tax Administration Service ("SAT") and its U.S. counterpart, the Internal Revenue Service ("IRS"), sent similar press releases to announce the culmination of two years of collaboration to establish a new transfer pricing procedure to avoid double taxation in the maquiladora industry.

This new framework proposes to solve more than 700 requests for criteria confirmation filed by companies of the maquiladora industry with SAT as of this date.

The details of taxpayers who may qualify to benefit from this agreement and the procedure and specifications to apply for such benefit, will be announced shortly by...

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