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Mexico

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Tax authorities

Servicio de Administración Tributaria
Av Hidalgo 77, col Guerrero, cp
06300, México, DF
Tel: + 52 1 800 46 36 728, From US & Canada: +1 877 44 88 728
Website: www.sat.gob.mx

Tax rates at a glance

(As of September 2011) 

Corporate Income Tax 30%
Capital Gains Tax 30%
Branch Tax 30%
 
Withholding Tax
Dividends 0%
Interest
   Paid on Negotiable Instruments 10%
   Paid to Banks 10%
   Paid to Machinery Suppliers 21%
   Paid to Others 30%
Royalties
   From Patents and Trademarks 30%
   From Know-how and Technical Assistance  
25%
Branch Remittance Tax 0
 
Net Operating Losses (Years)
Carryback 0
Carryforward 10
  • Withholding tax on interest is a final tax applicable to nonresidents. Payments to tax havens are generally subject to a 40% withholding tax.
  • A reduced rate of 4.9% withholding tax on interest paid to banks is granted each year to banks resident in treaty countries.

Source: Ernst & Young

Mexico

David Cuellar, Mario Alberto Gutierrez, Luis Angel Campos and Carlos Montemayor
PwC
Mexico

Having made minimal tax reforms for 2011, Mexico is expected to implement important changes for 2012. One possibility, David Cuellar, Mario Alberto Gutierrez, Luis Angel Campos and Carlos Montemayor of PwC report, is the elimination of the flat tax, or adding some of its elements to the income tax, in an attempt to boost the internal economy.

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Tax

Chevez Ruiz Zamarripa y Cia is led by managing partner Ivan Kuri Moguel who heads a prominent tax planning team. Clients praise Ricardo Rendón for his "impressive" transfer pricing practice. Manuel Sainz is highly recommended by competitors for tax controversy ... [more]

Deloitte Mexico's tax practice has been the largest in Mexico for more than 10 years; the transfer pricing practice alone has more than 130 specialists. Javier Goyeneche leads the tax practice and is recognised for his abilities in as an adviser on cross-border ... [more]

Muñoz Manzo y Ocampo's team of tax professionals have solid experience in consulting and advised in important transactions with many prominent Mexican corporations and foreign investors. Jaime Espinosa de los Monteros joined the practice in October 2010 ... [more]

PwC

PwC is one of Mexico's premier accounting firms for tax planning advice. The firm has continued its innovative work with energy clients over the past year, advising on multi-billion dollar deals in the drilling industry and related services. David Cuellar ... [more]

In 2011, Basham Ringe y Correa's tax practice has advised on the tax planning associated with setting up various resorts within Mexico, in a deal worth hundreds of millions of dollars. Managing partner Luis Ortiz Hidalgo, one of four partners, is a "strong ... [more]

Mancera Ernst & Young advises clients on a variety of matters, including audit defence, tax controversy, supply chain management, cash repatriation and M&A. Fernando Becerril is an accomplished specialist in corporate tax matters. Manuel Solano is a ... [more]

Led by Guillermo Villaseñor-Tadeo, Baker & McKenzie's tax practice is assisting Sony Music Mexico during a $25 million tax audit conducted by the Mexican Treasury Department. The tax team has advised clients in Japan, the US, and Mexico on competent ... [more]

Capín, Calderón, Ramírez y Gutiérrez-Azpe has experience with advising clients on tax issues in industries such as energy, telecommunications, retail and real estate. The tax practice has a particular focus on tax litigation. Partner Alejandro Calderón ... [more]

KPMG is led by Agustín Vargas who has been with the practice since 2010. The practice is made up predominantly of younger specialists.

Ortíz Sainz y Erreguerena specialises in tax controversy, representing clients in administrative actions before state and federal tax authorities. and. Arturo Pérez Robles is highly regarded for corporate tax work.Peers and clients all say that Ortíz ... [more]

Partners at the firm Santamarina y Steta advise many multinational corporations on tax planning and transactional matters. The tax group has a reputation for excellent work in litigation. The work of Agustín Gutiérrez has been described in the market ... [more]

The niche tax firm Tron Abogados is a small firm that represents clients across a number of industries in a number of different types of transactions, with an emphasis on cross-border and M&A work. Founding partner Manuel Tron, is known in the Mexican ... [more]

Turanzas Bravo & Ambrosi is another small firm that has developed a list of major international clients, such as Avon Cosmetics, Halliburton, and Banco Compartamos, which it advises clients on corporate tax, tax litigation, and tax planning. Angel Turanzas ... [more]

Mijares Angoitia Cortés y Fuentes - Taxand has a number of clients in the real estate, oil, gas and technology industries. Partner Manuel Tamez is praised by competitors for his M&A and capital markets and financial products and services experience. ... [more]

Natera y Espinosa was founded in 2008 as a niche tax firm and handles consulting and controversy mattersfor international clients.

See also

Mexico
North America

Firm contact details