According to an update from the Mexican Tax Administration (SAT), the SAT and the U.S. IRS have renewed for the second time the Qualified Maquiladora Approach Agreement (QMA). The QMA was originally agreed to by the two authorities in 2016, updating and expanding an earlier agreement reached in 1999. The 2016 QMA was previously renewed in 2020. The QMA allows a U.S. taxpayer to avoid double ta…