Mexico & U.S. Audit Trends for U.S.-Based Multinationals Doing Business in Mexico

Presenters
Montserrat Colin, Tax Partner - JA Del Rio, Rafael Moriyama, Tax Manager - JA Del Rio
Date
Jun 23, 2021 - 9:00 a.m. to 10:00 a.m.

Recently, Mexican and U.S. tax authorities have aggressively pursued tax audits, penalty assessments, and other enforcement activities, creating a challenging environment for U.S.-based multinationals doing business in Mexico. Join us for an insightful webinar as we share current audit policies and procedures employed by the Mexican tax authority, best practices for electronic invoicing, and other preventative measures to help navigate disputes with the Mexican tax authority. We'll also examine the IRS' increased focus on Form 1042/1042-S compliance and cover a special statue of limitations rule every U.S.-based multinational should know.

Learning Objectives

Upon completion of this program, participants will be able to:

  • Describe current audit policies and procedures employed by the Mexican tax authority
  • Recognize best practices to help avoid suspension of a Mexican company's certificate to issue electronic invoices
  • Identify other preventative and corrective measures to help avoid or navigate disputes with the Mexican tax authority
  • Explain the open-ended statute of limitations under U.S. tax law when international information returns are delinquent
  • Describe the U.S. tax authority's increased focus on Form 1042/1042-S withholding, deposit, and reporting requirements and recall penalties for noncompliance

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