Country-by-Country Reporting – Compilation of 2023 Peer Review Reports

Mexico

Overview of CbC reporting requirements

First reporting fiscal year: Commencing on or after 1 January 2016

Consolidated group revenue threshold: MXN 12 billion

Filing deadline: 12 months following the end of the reporting fiscal year

Local filing required: Yes

Surrogate parent entity filing permitted: Yes

First review of the domestic legal framework: 2017/2018

Summary of recommendations

 

Area of implementation	Recommendations for improvement
Domestic legal and administrative framework	None.
Exchange of information framework	None.
Appropriate use	None.

The domestic legal and administrative framework

Mexico’s 2017/2018 peer review included a monitoring point relating to processes that would allow Mexico to take appropriate measures in case it is notified by another jurisdiction that such other jurisdiction has reason to believe that an error may have led to incorrect or incomplete information reporting by a Reporting Entity or that there is non-compliance of a Reporting Entity with respect to its obligation to file a CbC report. Mexico has provided information to demonstrate that such processes are in place and as such this monitoring point is now removed.

Mexico confirms that its rules have not changed and continue to be applied effectively. Mexico continues to meet all terms of reference.1 2

The exchange of information framework

Mexico confirms that its rules have not changed and continue to be applied effectively. Mexico continues to meet all terms of reference.

Appropriate use of CbC reports

Mexico confirms that its rules have not changed and continue to be applied effectively. Mexico continues to meet all terms of reference.