The Mexican Tax Administration (SAT) has published the fourth and fifth lists of effective income tax rates on the income of large taxpayers for fiscal years 2020 and 2021. Each list provides effective rates for taxpayers involved in 40 different economic activities, which are used by the SAT in assessing tax risks. The first list, second list, and third list were published earlier in the year. Lists for fiscal years 2016, 2017, 2018, and 2019 were published in 2022. The SAT works to facilitate taxpayer compliance by contacting taxpayers whose effective rate is lower than the listed effective rates in...