New obligation related to the controlling beneficiary in Mexico

Rivadeneyra, Treviño & De Campo

Rivadeneyra Treviño De Campo Sc


ln accordance with the various tax reforms in effect as of January 1st, 2022, it is essential to comment on the new obligation related to the figure of the controlling benefit.

Article 32-B Ter of the Federal Tax Code requires  corporations,  fiduciaries, settlors or trustees, as well as the contracting parties or members, to obtain and keep, as part of their accounting, reliable, complete and updated information on their controlling beneficiaries.

The authority that will require the information from the controlling beneficiaries will be the Tax Administration Service (Servicio de Administraci6n Tributaria), for which the obliger will be given only 15 days to submit it.

ln case of non-compliance, this may generate the imposition of considerable fines due to its amount, as well as a negative opinion of compliance with tax obligations.

Our Mexican member, Rivadeneyra, Trevino and de Campo S.C., is prepared to support you in order to avoid any breach that could cause any sanction, as well as clarify any doubts that may be generated in this regard.

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