The Treasury will be reviewing the tax returns of a selected group of taxpayers by comparing the information provided with their external signs of wealth.
From a statement issued by the Ministry of Finance:
Proposal to attack evasion in this group of taxpayers
The acquisition of luxury vehicles in recent years as well as possesing properties of high value, in juxterposition to statements with zero tax (in which no taxes are paid) or expenses that exceed a certain percentage of revenue during 2014 are some of the reasons why the Ministry of Finance is initiating a plan of tax control for freelance professionals.
The government will ask the FATF to postpone the review of the legal framework being implemented against money laundering in the country until 2017.
The review by the Financial Action Task Force (FATF) is initially scheduled for 2016, but the government has announced that it will be requesting an extension to complete and verify the effectiveness of the legal restructuring, which involves the adoption of new laws and amendments to other ones.
The Tax Authority has announced the implementation of its program of massive audits of firms for March and April.
From a statement issued by the Superintendency of Tax Administration (SAT):
The Tax Authority within its functions to monitor compliance with tax obligations and billing for services and sale of products, is now conducting checks on billing and fixed points at different types of existing businesses.
Despite being a FATF recommendation, reforms to the law on prevention of money laundering being prepared by the government will not include the definition of tax evasion as a criminal offense.
The latest update to the standard recommendations of the Financial Action Task Force (FATF) was carried out in 2012 and considers "... Tax evasion as one of the origins of the crime of money laundering.
The new head of the Superintendency of Banks intends to resume the discussion in Congress of a bill which would regulate banking secrecy in the country by way of tax audits.
With the aim of improving tax controls, the Superintendency of Banks (SIB) seeks to reform national legislation for the regulation of banking secrecy in order to access "... Banking information of taxpayers, under guarantees of confidentiality."
The Government is considering to include in the list of products which have price controls, new ones which have had "unjustified increases" in prices.
Price regulation could be extended to more than the 22 products in the basket, because some foods have seen increases that have not been properly justified according to the Ministry of Trade and Industry. Some of these products are cooked ham, fruit drinks, lettuce, and mayonnaise, among others.
As part of the controls to combat smuggling, between May and July 29 companies were suspended from the list of importers, which represents 60% of the total volume of pairs of shoes entering the country.
In order to detect and prevent irregularities in the import of footwear, the General Administration of Federal Tax Audit Tax Administration Service of Mexico carried out 31 audits "... on the major importer of footwear, which represent 85% of the volume of shoes that are imported at low prices. ". Also, 18 suspension orders have been issued totaling $1.1 million.
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