As previously reported, Mexico's Economic Package for 2020 was submitted in Congress on 8 September 2019, including several BEPS-related measures. Key measures include:
- The introduction of a net interest expense deduction restriction equal to 30% of net income, with a MXN 20 million safe harbor and excess interest expense allowed to be carried forward for three years;
- The introduction of new anti-avoidance rules to empower the tax authorities to question transactions that lack business purpo…