Mexico's Economic Package for 2022 was submitted in Congress on 8 September 2021. Although the package does not include major tax changes, such as new taxes or increased rates, it does include several important changes focused more on compliance and anti-avoidance that would generally apply from 1 January 2022: The introduction of new requirements for tax-free restructurings, spin-offs, and mergers, including a valid business purpose requirement; The elimination of certain benefits for non-regulated Special Purpose Financial Institutions (SOFOMs), including: the exception from thin capitalization rules when foreign related parties carry out the majority of the financial transactions; and the reduced...