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Mexico Launches Website for New Mandatory Disclosure Requirements

01 December 2020

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Approved Changes

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Mexico

The Mexican Tax Administration (SAT) has launched a website for the country's new mandatory disclosure requirements. The new requirements apply from 1 January 2021 and include that tax advisors or taxpayers, as appropriate, must disclose information on reportable schemes. This applies for reportable schemes from January 2021, as well as reportable schemes designed, marketed, organized, implemented, or administered in 2020, and schemes from earlier years, the effects of which are reflected in 2020. The website provides an overview of the requirements, including the background, obliged persons, the information statements, related penalties, etc.