1 / 15

Tax Administration Service Mexico

Tax Administration Service Mexico. Mexican Tax Administration Service. President. Other Gral Admons. AGAFF. AGR. AGGC. AGA. AGJ. AGAC. CA. CA. CA. Int Legal Affairs & Legal Criteria. International Fiscal Audit. Transfer Pricing. CA. CA. CA. Planning, Supervision

brad
Télécharger la présentation

Tax Administration Service Mexico

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Tax Administration Service Mexico

  2. Mexican Tax Administration Service President Other Gral Admons AGAFF AGR AGGC AGA AGJ AGAC CA CA CA Int Legal Affairs & Legal Criteria International Fiscal Audit Transfer Pricing CA CA CA Planning, Supervision & Evaluation, CA Sector Gobierno Legal Disputes Legal Affairs CA CA CA CA Diverse Taxpayers Consolidated Corporations Programing Tax Collection

  3. Crossborder Payments: • a) Foreign Earned Income • b) Deduction of Mexican Resident • Foreign Tax Credit • Investments in Tax Heavens • Permanent Establishments • Origin Verifications • Exchange ofInformation Specific Atributions (Art. 7 Tax Administration Service Law)

  4. Auditor’s opinion for tax purposes • Tax Return Multiple Informative • Overseas Payments • Investments in Tax Heavens • Foreign Financing • Related Parties • Customs Database • Taxpayers Database & Tax Returns • Exchange of Information Filed before Tax Returns Information Sources

  5. Compliance • Planning Audit Focus Create awareness on taxpayers based on the constant monitoring and analysis to detect agressive tax planning and non compliance of international fiscal regulations (surveillance)

  6. Audit Programs • Withholding rate (Law or Convention) • Compliance of the Convention • Tax Withholding and payment Crossborder Payments Foreign Earned Income

  7. Audit Programs • Compliance of fiscal deductions regulations (Arts. 29 to 32 Income Tax Law) • Back to back credits (Art. 92 Income Tax Law) • Withholding tax and payment Crossborder Payments Deduction of Mexican Resident

  8. Most of the resources are used for auditing corporations, nevertheless we seek to have more fiscal presence in individuals. • Due to the significant increase in the turistic and real estate industries, new audit programs will focus on leasing operations of individuals (turistic destinations)

  9. Specific Audit Programs • Interests. Debt Planning. • Royalties • Related Parties Services • Artistes & Sportsmen • Leasing • Sale of Stocks Crossborder Payments Foreign Earned Income

  10. Audit Programs • Determine the limit of the credit (art. 6 Income Tax Law) • Payment of tax effectively done overseas Foreign Tax Credit In 2004, 2,472 tax returns with foreign tax credit were filed for an amount of $587 million pesos, representing a 72% increase with respect to fiscal year 2003

  11. Determine tax for investments in tax heavens • File Informative Tax Returns regarding such investments • Benefit for corporations with enterprise activities that have such type of investments Investments in Tax Heavens Audit Programs In 2004, 540 tax returns of corporations were filed, from which 63% declared investments in stocks for an amount of $6,916 million pesos

  12. Audit Programs • Tax determination regarding PE’s • Verification of depreciation rates and amortization of assets • Allocated expenses • Intercompanies expenses from abroad Permanent Establishments

  13. Audit Programs Questionnaries Visits to the premises of an exporter or producer • Imports under preferential treament for customs tariff purposes Origin Verifications Verification types (exporter/producer)

  14. Audit Programs • Support area in charge of international matters related to nationals with foreign earned income Exchange of Information Spontaneaous Automatic or Routine Upon Request (Specific) Types

More Related