The Mexican Tax Administration (SAT) has introduced new rules for tax penalty reduction as part of the Seventh Amending Resolution to the Tax Miscellaneous Resolution for 2022, which was published in the Official Gazette on 20 September 2022. The rules apply in relation to the breach of federal tax obligations by taxpayers taxed under Titles II, III, and IV of the Income Tax Law, which concern companies, non-profits, and individuals, respectively, and are summarized as follows. In general, it is provided that a potential reduction of penalties is available for taxpayers unless: The taxpayer has not submitted the annual income...