Mexico Adopts 2016 Tax Reform Including CbC Reporting and other Transfer Pricing Related Changes

On 18 November 2015, Mexico published the recently adopted 2016 tax reform package in the Official Gazette. One of the main measures of the package is the implementation of new transfer pricing documentation requirements in line with the OECD guidelines developed as part of Action 13 of the BEPS Project, including:
- A local file - providing information on the local taxpayer, its business activi…