Mexico

Firm overview

Firm overview

The transfer pricing practice at NATERA helps clients in identifying and assessing risks and proposing business oriented solutions with an integral approach, carefully grounded on a thorough custom-made legal analysis.

The firm has a unique ability of integrating transfer pricing with the overall tax and customs planning, which allows them to align transfer pricing planning, implementation and documentation into a dynamic process. The firm is frequently sought by clients for the evaluation of their transfer pricing policy, strategy, compliance, and to act as expert witnesses on transfer pricing controversies.

The firm's has vast experience in dealing with competent tax authorities in transfer pricing audits, advanced pricing arrangements and mutual agreement procedures.Their services also include the preparation or review of comparable searches, economical analyses and transfer pricing documentation, as well as valuations of companies and tangible or intangible assets.

Firm overview

BASHAM, RINGE Y CORREA is a respected firm with a renowned and comprehensive tax practice. We offer strong experience in tax litigation, including amparo proceedings, as well as wealth management, transfer pricing and general tax consulting. We advise high-profile clients on the efficient tax structures for their commercial operations, regularly representing a range of notable clients from the mining and automotive spaces.

As a full service Law Firm, every tax strategy is prepared also considering possible impacts in other areas of law. We are part of Lex Mundi (law network) and our tax partner, Gerardo Nieto, was the former world chair of the Tax Practice Group of Lex Mundi.

We are well known by tax authorities and tax Judges and Magistrates, which implies that every tax case we handle, will have a “first good impression” by whoever is in charge of resolving it.

Work highlight: Successfully assisted IMM Research México with a claim brought against the tax authorities to quash a fine of USD14 million in respect of an incorrect tariff classification.

Transfer Pricing Dispute. Strong practice for settlement and dispute resolution in all its instance. We endeavour on the legal case on to “translate” into legal terms and defend the so that it becomes manageable for tax administrations, and courts to understand and resolve the issue which normally are very complex.

Automobile Industry. Highly regarded and attending most of the Automobile Industry Sector including Volkswagen, Nissan, Toyota, among others as well as second third automobile industries Delphi, Johnson Controls, Grupo Rassini, etc

Tax Dispute. One of the most well-respected law firms in Mexico when it comes to dispute resolution, from settlement all the way to Supreme Court Litigation in Constitutional Proceedings. Many court precedents have been created by the law firm and, the latest being the declaration of unconstitutionality of the provision which binds the right of taxpayers to deduct pro rata expenses which is very important specially precedents related to VAT.

Basham, Ringe y Correa is one of the leading full-service law firms in Latin America. Established in Mexico in 1912, Basham draws a century of experience assisting its clients in conducting business throughout Mexico and abroad. The firm’s clients include prominent international corporations, many of them on the Fortune 500 List, medium-sized companies, financial institutions and individuals.

The firm’s large group of lawyers and support staff are committed to maintaining the highest professional and ethical standards. Constantly exposed to the international legal system, many of Basham, Ringe y Correa’s lawyers and other professionals have completed graduate studies at foreign universities and have worked at companies and law firms abroad.

Basham’s preventive and strategic advice on all types of law allows the firm to offer its clients effective, complete and timely solutions to their concerns. The firm’s in-depth knowledge and insight into the international as well as the domestic market, including economic trends and current affairs, give the firm a solid base and perspective in order to offer fully-integrated and tailored solutions to every client.

Every client expects objective and efficient solutions which can be trusted and relied upon. Basham’s lawyers are highly experienced and recognized leaders in their fields.

The firm has regulatory and practical expertise in all areas of modern practice and advises clients on:

• investment
• joint ventures
• domestic and international tax planning
• in-bond manufacturing (maquiladoras)
• tax
• mergers and acquisitions
• corporate and contracts
• antitrust
• banking and finance
• securities
• bankruptcy
• trusts
• insurance
• business organizations
• international trade
• NAFTA and WTO matters
• anti-dumping duties
• intellectual property
• administrative law
• public bidding
• privatizations
• government regulations
• immigration
• labor
• social security
• consumer protection
• environmental law
• health
• energy
• telecommunications
• air
• land and maritime transportation
• tourism
• civil and commercial litigation
• arbitration
• criminal law
• estate planning
• real estate and agrarian matters
• global mobility

Firm overview

Deloitte's TP practice is the oldest, and one of the largest, TP specialist groups in Latin America. The team comprises 21 partners and more than 180 other professionals, many of whom have previously worked at the specialist TP unit at the Mexican tax authority (Servicio de Administratión or SAT).

The practice is overseen by Simón Somohano, who has almost 30 years of experience in the industry and leads the Advanced Pricing Agreements technical discussions with both the Mexican and US tax authorities on behalf of the export maquiladora and manufacturing industry association.

With a large base of talented and experienced professionals who constantly take advantage of a wide range of technological tools, in combination with a highly creative, and in some cases innovative, approach technique and Deloitte state-of-the-art Center of Excellence for Transfer Pricing Information and Research for Latin America, Deloitte is constantly committed to increase the market standards.

This year Deloitte's TP and International Tax controversy teams assisted a large multinational company in one of the first examinations under the new approach of the SAT that consist of doing the review, including stimulatingly diverse departments or areas (transfer pricing, international tax), as response, Deloitte's controversy teams includes specialists in each area who have experience in the industry and tax audit process.

Through an extensive collaborative work, Deloitte and client were able to collect evidence that identified the type of services received by the Mexican subsidiary such as the development of regional strategies, plans for the execution of corporate strategy, coordination of commercial operations and advisory.

This information included the people participating in the project as well as a financial analysis of how these services helped the company to increase sales or reduce costs.