Mexico: Tax relief for taxpayers affected by Hurricane Otis (State of Guerrero)
Taxpayers with tax domicile in the municipalities of Acapulco de Juárez and Coyuca de Benítez
Taxpayers affected by Hurricane Otis (State of Guerrero)
An agreement was published in the official newspaper of the government of the State of Guerrero on 10 November 2023, granting tax relief measures to taxpayers affected by Hurricane Otis with tax domicile in the municipalities of Acapulco de Juárez and Coyuca de Benítez.
- An extension until March 2024 is granted for the presentation of monthly declarations of state taxes for October, November, and December 2023. The declarations may be provided in a single exhibition or up to three partial exhibitions, but they are all due by May 2024.
- An exemption from fines, surcharges, and updates for state taxes is also granted during the same period.
- Likewise, all procedures, deadlines, and terms related to the powers of the tax authorities in matters of verification and inspection of state taxes are suspended during the same period.
The benefits granted do not give rise to any right to refund or compensation, or otherwise prevent the exercise of review and verification powers by the local tax authorities or the imposition of administrative sanctions in accordance with the applicable provisions.
Read a November 2023 report (Spanish) prepared by the KPMG member firm in Mexico
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.