Mexico: Updated FATCA, CRS guidance
The Mexican tax authority published guidance relating to provisions under the FATCA and CRS regimes.
Guidance relating to provisions under the FATCA and CRS regimes
The Mexican tax authority published guidance relating to the FATCA and common reporting standard (CRS) regimes.
The guidance reflects measures concerning “excluded accounts” by removing personal retirement plan accounts, retirement insurance premiums and voluntary contributions managed by fund managers for retirement. It also updates a reference to the rules and procedures for the identification and reporting of reportable accounts.
Additionally, updated guidance from the tax authority the numbering sequence and the provision related to the reporting deadline for FATCA and CRS. The content and deadline—31 August—remains same.
Read a January 2022 report [PDF 336 KB] prepared by the KPMG member firm in Mexico
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