PODCAST

Mexico's "Anti-Deduction" Rules

Destination Country X, Episode 01-2020 | Akin to but not the BEAT, Mexico's "anti-deduction" rules explored

Kimberly Majure

Kimberly Majure

Principal, International Tax, KPMG US

+1 202-533-5270

Kortney Wallace

Kortney Wallace

Principal, International Tax, KPMG US

+1 313-230-3056

Jeffrey Burns

Jeffrey Burns

Partner, State and Local Tax, KPMG US

+1 312-665-1077

Armando Lara Yaffar

Armando Lara Yaffar

Partner, Head of International Tax Services, KPMG in Mexico

+52 5552468300

Podcast overview

Mexico’s 2020 tax reform features several measures implementing pieces of the OECD’s BEPS initiative, including new deduction disallowance, or “anti-deduction,” rules. In concept, these rules are akin to the U.S. base erosion anti-abuse tax (commonly known as the “BEAT”). But as adopted in Mexico, the scope of affected payments, the framework for testing deductibility, and the level of disallowance are all quite different. 

Podcast hosts Kim Majure and Kortney Wallace speak with Armando Lara, head of International Tax Services for KPMG in Mexico, and Jeff Burns, State and Local Tax partner with KPMG in the United States, about the new rules and practical considerations for multinational enterprises with operations in Mexico.

 

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