Chihuahua, Chih., February 8, 2021.
Dear Clients and Friends,
We hereby inform you that on February 2nd, 2021, the Accord that determines the minimum amounts to which the provisions foreseen in the Sole Chapter of Title Six of the Federal Tax Code, titled “Disclosure of Reportable Schemes” will not be applicable, was published in the Federal Official Gazette, and will become effective as of the day after its publication.
The Accord establishes that the provisions foreseen in article 199 of the Federal Tax Code will not apply to tax advisors or taxpayers regarding reportable schemes, provided that they are personalized reportable schemes, and that the total amount of the benefit obtained or expected to be obtained, does not exceed 100 million pesos.
Likewise, the purpose is to establish that, in cases in which the same taxpayer has jointly more than one personalized reportable scheme, that involves or intends to involve said taxpayer, and that are being implemented or intended to be implemented in at least one common fiscal year, the total amount of the tax benefit obtained or expected to be obtained, by means of ALL of the aforementioned personalized reportable schemes, must be considered, regarding the previously indicated amount of 100 million pesos.
For further information on this matter, please do not hesitate to contact Mr. Sergio Humberto Salas Medrano, Partner of the Fiscal and Administrative Area, at ssalas@iclmx.com.
Lic. Sergio H. Salas Medrano.
Inintegrum Corporación Legal, S.C.
