< iframe size="480" height="320" src="https://www.youtube.com/embed/DGtftzsuslo?rel=0" frameborder="0" allowfullscreen >< img design="float: left; margin:0 5px 5px 0;" src="http://taxdr.org/wp-content/uploads/2021/07/JS1wim.jpg"/ > Doug McHoney( PwC's United States International Tax obligation Services Leader) and also David Cueller (PwC Mexico's Tax and also Legal Provider Leader) go over Mexican developments, consisting of contracting out reform and also Mexico's present position in the OECD BEPS Project. Doug and David cover: the background of Mexico's contracting out regime; current disruptive changes made to numerous laws, consisting of the Income Tax obligation Legislation, BARREL Regulation, as well as Labor Regulation; the specialized services exemption; firms impacted by the recent regulation changes; the capacity for penalties as well as tax obligation fraud; pertinent compliance worries; and also United States tax factors to consider. They additionally review Mexico's BEPS-aligned legislation and the non-deductibility of settlements to certain foreign entities. Timestamps: 4:00 - Explanation of the Mexican outsourcing routine 10:30 - Exactly how do the brand-new guidelines operate and also that is subject to them? 13:20 - What is thought about a specific solution? 17:45 - Just how should business conform with these new policies offered the brief time framework to do so? 23:15 - What are the US tax obligation implications? Specialized services 26:00 - What happens if a service entity is serving greater than one operating business? 32:00 - Mexico's BEPS aligned legislation 35:15 - Mexico's non-deductibility of repayments to certain foreign associated entities