KPMG report: Reassessing operations in Mexico due to maquila tax regime changes
Now is the time to analyze the impact of regulatory changes on operations
Recent changes to the maquila tax regime in Mexico and implementation of Pillar Two around the world are causing companies to re-evaluate the transfer pricing, tax, customs, and overall economic of operating as a maquila in Mexico. Whether a company is just starting to consider maquiladoras or has a well-established maquiladora in Mexico, the time to analyze the impact of these regulatory changes on their operations is now.
Read an August 2024 report prepared by the KPMG US-LATAM Corridor and KPMG Mexico that focuses on:
- Determining whether mandatory safe harbor will result in increased tax liability
- Understanding how Pillar Two may result in top-up tax
- Considering internal assessment of customs obligations
- Exploring alternative regimes for manufacturing operations
- Analyzing the benefit of modeling and/or a functional analysis