{"id":12338,"date":"2026-10-19T10:25:20","date_gmt":"2026-10-19T15:25:20","guid":{"rendered":"https:\/\/anepsa.com.mx\/?p=12338"},"modified":"2026-10-19T10:25:21","modified_gmt":"2026-10-19T15:25:21","slug":"transfer-prices-that-are","status":"publish","type":"post","link":"https:\/\/anepsa.com.mx\/en\/transfer-prices-that-are\/","title":{"rendered":"Transfer Pricing in Mexico: A Complete Guide"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"12338\" class=\"elementor elementor-12338\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-44eb992 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"44eb992\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-68dfe48\" data-id=\"68dfe48\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-9238780\" data-id=\"9238780\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a91569b elementor-widget elementor-widget-spacer\" data-id=\"a91569b\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2e32797 elementor-widget elementor-widget-image\" data-id=\"2e32797\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"768\" src=\"https:\/\/anepsa.com.mx\/wp-content\/uploads\/2026\/10\/Guia-Corporativa-de-Precios-de-Transferencia-1024x768.png\" class=\"attachment-large size-large wp-image-15419\" alt=\"Cover of the transfer pricing guide in Mexico, with financial analysis, charts and business documentation.\" srcset=\"https:\/\/anepsa.com.mx\/wp-content\/uploads\/2026\/10\/Guia-Corporativa-de-Precios-de-Transferencia-1024x768.png 1024w, https:\/\/anepsa.com.mx\/wp-content\/uploads\/2026\/10\/Guia-Corporativa-de-Precios-de-Transferencia-300x225.png 300w, https:\/\/anepsa.com.mx\/wp-content\/uploads\/2026\/10\/Guia-Corporativa-de-Precios-de-Transferencia-768x576.png 768w, https:\/\/anepsa.com.mx\/wp-content\/uploads\/2026\/10\/Guia-Corporativa-de-Precios-de-Transferencia-16x12.png 16w, https:\/\/anepsa.com.mx\/wp-content\/uploads\/2026\/10\/Guia-Corporativa-de-Precios-de-Transferencia.png 1448w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"\">\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-7285ede\" data-id=\"7285ede\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a35ac39 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a35ac39\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8d50b0f\" data-id=\"8d50b0f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4fd0833 elementor-widget elementor-widget-table-of-contents\" data-id=\"4fd0833\" data-element_type=\"widget\" data-settings=\"{&quot;headings_by_tags&quot;:[&quot;h2&quot;],&quot;exclude_headings_by_selector&quot;:[],&quot;no_headings_message&quot;:&quot;No headings were found on this page.&quot;,&quot;marker_view&quot;:&quot;numbers&quot;,&quot;hierarchical_view&quot;:&quot;yes&quot;,&quot;min_height&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"table-of-contents.default\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__header\">\n\t\t\t\t\t\t<h4 class=\"elementor-toc__header-title\">\n\t\t\t\tTable of  contents \t\t\t<\/h4>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div id=\"elementor-toc__4fd0833\" class=\"elementor-toc__body\">\n\t\t\t<div class=\"elementor-toc__spinner-container\">\n\t\t\t\t<svg class=\"elementor-toc__spinner eicon-animation-spin e-font-icon-svg e-eicon-loading\" aria-hidden=\"true\" viewbox=\"0 0 1000 1000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M500 975V858C696 858 858 696 858 500S696 142 500 142 142 304 142 500H25C25 237 238 25 500 25S975 237 975 500 763 975 500 975Z\"><\/path><\/svg>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-62d8d780 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"62d8d780\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-61a86989\" data-id=\"61a86989\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ef52bbc elementor-widget elementor-widget-text-editor\" data-id=\"ef52bbc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">An insufficiently documented transfer pricing study can lead to observations and adjustments during a tax audit. For an accounting firm, promptly identifying related-party transactions helps assess compliance risks and organize evidence before filing tax returns.<\/span><\/p><p>This guide to transfer pricing in Mexico is aimed at accounting firms, tax advisors, and companies that need to understand their obligations to the SAT, the applicable methods, and when an independent valuation may be useful.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-733be716 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"733be716\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-358ef977\" data-id=\"358ef977\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7080bffb elementor-widget elementor-widget-heading\" data-id=\"7080bffb\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What are transfer prices?\n\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-70a33528 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"70a33528\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5465f479\" data-id=\"5465f479\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-13365580 elementor-widget elementor-widget-text-editor\" data-id=\"13365580\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Transfer pricing refers to the terms\u2014price, margin, or consideration\u2014agreed upon between related parties: two companies within the same group, a parent company and its subsidiary, or two companies controlled by the same individuals. These transactions may involve the transfer of tangible assets, intangible assets (trademarks, technology, know-how), services, financing, or leases.<\/p><p>For example, when a Mexican company sells machinery to another company within the same corporate group, the agreed-upon amount constitutes a transfer price. For tax purposes, this transaction must be analyzed according to the <strong>arm&#039;s length principle<\/strong>, That is, considering the conditions that independent parties would agree upon in comparable circumstances.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5c7b30aa elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5c7b30aa\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-568c79dd\" data-id=\"568c79dd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1ba90cd0 elementor-widget elementor-widget-heading\" data-id=\"1ba90cd0\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Examples of transfer pricing in Mexico\n\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-29cc5d97 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"29cc5d97\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-48733688\" data-id=\"48733688\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-54418796 elementor-widget elementor-widget-text-editor\" data-id=\"54418796\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ol><li><span style=\"font-weight: 400;\"> Sale of machinery between companies within the same group. A Mexican company transfers industrial machinery to a subsidiary. It must be analyzed whether the agreed-upon consideration is based on arm&#039;s length conditions.<\/span><\/li><li><span style=\"font-weight: 400;\"> Intragroup administrative services. A parent company provides accounting, technology, or administrative services to its subsidiaries. The service provided, its usefulness to the recipient, and the consideration are evaluated.<\/span><\/li><li><span style=\"font-weight: 400;\"> Use of trademarks and technology. An entity allows a related company to use a trademark, patent, or technology in exchange for royalties. The analysis considers relevant functions, assets, risks, and comparables.<\/span><\/li><li><span style=\"font-weight: 400;\"> Related party loans. One company lends funds to another entity within the same group. The financial terms, including the interest rate, are analyzed according to the characteristics of the transaction.<\/span><\/li><\/ol><p><span style=\"font-weight: 400;\">In certain transactions, particularly transfers of specialized or intangible assets, an independent valuation can provide supplementary technical evidence. It does not replace a transfer pricing study and is not generally required.<\/span><\/p><p><span style=\"font-weight: 400;\">The principle that governs all matter, t<a href=\"https:\/\/www.oecd.org\/es\/publications\/2022\/01\/oecd-transfer-pricing-guidelines-for-multinational-enterprises-and-tax-administrations-2022_57104b3a.html\" target=\"_blank\" rel=\"noopener\">as stated in the OECD Guidelines<\/a> as in Mexican law, it is the <\/span><b>arm&#039;s length principle <\/b><span style=\"font-weight: 400;\">, As established in Article 9 of the OECD Model Tax Convention, these transactions must be agreed upon as if the parties were independent of each other. The underlying objective, both for the SAT (Mexican Tax Administration Service) and for the rest of the world&#039;s tax authorities, is to prevent profits from being artificially shifted to the jurisdiction with the lowest tax burden.<\/span><\/p><p><span style=\"font-weight: 400;\">The obligation is not limited to multinational corporations: relevant transactions may also exist between related parties residing in Mexico. However, the specific duties depend on the type of taxpayer, the transaction, and the exceptions provided by law; it should not be assumed that all companies submit the same studies and declarations.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-292506a7 elementor-widget elementor-widget-spacer\" data-id=\"292506a7\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-409c716d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"409c716d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b8194\" data-id=\"b8194\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-19759a7f elementor-widget elementor-widget-heading\" data-id=\"19759a7f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Legal framework for transfer pricing in Mexico\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-22758911 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"22758911\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-210d3fd8\" data-id=\"210d3fd8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5b713877 elementor-widget elementor-widget-text-editor\" data-id=\"5b713877\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Article 76 of the LISR: regulates the obligations of legal entities in operations with related parties and supporting documentation, with conditions and exceptions that must be analyzed for each taxpayer.<\/b><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Article 76-A of the Mexican Income Tax Law (LISR) provides for different informational returns\u2014Master File, Local File, and Country-by-Country Return\u2014for taxpayers who meet the legal requirements. The obligation to provide general documentation does not automatically imply filing all three.<\/b><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Article 179<\/b><span style=\"font-weight: 400;\">: defines what is considered a related party and establishes the obligation to apply the arm&#039;s length principle.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/wwwmat.sat.gob.mx\/articulo\/08667\/articulo-180\" target=\"_blank\" rel=\"noopener\"><b>Article 180<\/b><\/a><span style=\"font-weight: 400;\">: lists the six accepted valuation methods and the order of precedence for choosing them.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Article 182<\/b><span style=\"font-weight: 400;\">: regulates the maquiladora regime and the \u201csafe harbor\u201d mechanism \u2014 a simplified option to determine taxable profit, calculated on the value of the assets used in the operation or on costs and expenses, without the need for a complete study of comparables.<\/span><\/li><\/ul><p><span style=\"font-weight: 400;\">Mexico does not create its own framework: it is aligned with the OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations, the international technical reference. When the SAT (Mexican Tax Administration Service) conducts an audit, it generally uses both frameworks.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4b001bd8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4b001bd8\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6d161945\" data-id=\"6d161945\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3e43a177 elementor-widget elementor-widget-spacer\" data-id=\"3e43a177\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-76ef7e37 elementor-widget elementor-widget-heading\" data-id=\"76ef7e37\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Who is required to file and what documentation does the SAT require?\n\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-401a13f4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"401a13f4\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2798a65\" data-id=\"2798a65\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-53af97c0 elementor-widget elementor-widget-html\" data-id=\"53af97c0\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t\t\r\n<style>\r\n.anepsa-doc-pt {\r\n  width: 100%;\r\n  margin: 20px 0 28px;\r\n  border: 1px solid #DEE7F0;\r\n  border-radius: 10px;\r\n  overflow-x: auto;\r\n  font-family: inherit;\r\n}\r\n\r\n.anepsa-doc-pt table {\r\n  width: 100%;\r\n  min-width: 560px;\r\n  margin: 0;\r\n  border-collapse: collapse;\r\n  font-size: 15px;\r\n  line-height: 1.6;\r\n}\r\n\r\n.anepsa-doc-pt th {\r\n  background: #0B1D3A;\r\n  color: #FFFFFF !important;\r\n  padding: 15px 17px;\r\n  font-weight: 600;\r\n  text-align: left;\r\n  border: none;\r\n}\r\n\r\n.anepsa-doc-pt td {\r\n  padding: 15px 17px;\r\n  color: #334155;\r\n  vertical-align: top;\r\n  border: none;\r\n  border-bottom: 1px solid #E7EDF4;\r\n}\r\n\r\n.anepsa-doc-pt tbody tr:nth-child(even) {\r\n  background: #F6F9FC;\r\n}\r\n\r\n.anepsa-doc-pt tbody tr:last-child td {\r\n  border-bottom: none;\r\n}\r\n\r\n.anepsa-doc-pt td:first-child {\r\n  width: 31%;\r\n  color: #0B1D3A;\r\n  font-weight: 600;\r\n}\r\n\r\n.anepsa-doc-pt td:nth-child(2) {\r\n  width: 39%;\r\n}\r\n\r\n.anepsa-doc-pt td:nth-child(3) {\r\n  width: 30%;\r\n}\r\n\r\n@media (max-width: 600px) {\r\n  .anepsa-doc-pt table {\r\n    min-width: 520px;\r\n    font-size: 13px;\r\n  }\r\n\r\n  .anepsa-doc-pt th,\r\n  .anepsa-doc-pt td {\r\n    padding: 12px 11px;\r\n  }\r\n}\r\n<\/style>\r\n\r\n<div class=\"anepsa-doc-pt\">\r\n  <table>\r\n    <thead>\r\n      <tr>\r\n        <th scope=\"col\">Document<\/th>\r\n        <th scope=\"col\">What information does it contain?<\/th>\r\n        <th scope=\"col\">When is it appropriate?<\/th>\r\n      <\/tr>\r\n    <\/thead>\r\n    <tbody>\r\n\r\n      <tr>\r\n        <td>\r\n          Transfer pricing supporting documentation\r\n        <\/td>\r\n        <td>\r\n          Functional, economic and comparability analysis that supports transactions between related parties.\r\n        <\/td>\r\n        <td>\r\n          According to the tax regime, the operations carried out and the exceptions provided for in the legislation.\r\n        <\/td>\r\n      <\/tr>\r\n\r\n      <tr>\r\n        <td>\r\n          Annex 9 of the Multiple Information Declaration (DIM)\r\n        <\/td>\r\n        <td>\r\n          Information on transactions with related parties that are reportable to the SAT.\r\n        <\/td>\r\n        <td>\r\n          When the taxpayer falls within the presentation requirements applicable to their tax year.\r\n        <\/td>\r\n      <\/tr>\r\n\r\n      <tr>\r\n        <td>\r\n          Local Information Statement (Local File)\r\n        <\/td>\r\n        <td>\r\n          Taxpayer information, related party transactions, and the corresponding analysis.\r\n        <\/td>\r\n        <td>\r\n          For those obligated under Article 76-A, Section II, of the LISR.\r\n        <\/td>\r\n      <\/tr>\r\n\r\n      <tr>\r\n        <td>\r\n          Master File\r\n        <\/td>\r\n        <td>\r\n          Structure and activities of the multinational group, intangibles and financing policies.\r\n        <\/td>\r\n        <td>\r\n          For those obligated under Article 76-A, Section I, of the LISR.\r\n        <\/td>\r\n      <\/tr>\r\n\r\n      <tr>\r\n        <td>\r\n          Country-by-Country (CbC) Reporting\r\n        <\/td>\r\n        <td>\r\n          Distribution of income, profits, taxes and activities by jurisdiction of the multinational group.\r\n        <\/td>\r\n        <td>\r\n          When the specific requirements of article 76-A, section III, of the LISR are met.\r\n        <\/td>\r\n      <\/tr>\r\n\r\n    <\/tbody>\r\n  <\/table>\r\n<\/div>\r\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-34cf32ef elementor-widget elementor-widget-heading\" data-id=\"34cf32ef\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Transfer pricing obligations schedule: 2026\n\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-475303b1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"475303b1\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7552dc98\" data-id=\"7552dc98\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-594f0c9c elementor-widget elementor-widget-html\" data-id=\"594f0c9c\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t\t\r\n<style>\r\n.anepsa-calendario-pt {\r\n  width: 100%;\r\n  margin: 20px 0 28px;\r\n  border: 1px solid #DEE7F0;\r\n  border-radius: 10px;\r\n  overflow-x: auto;\r\n  font-family: inherit;\r\n}\r\n\r\n.anepsa-calendario-pt table {\r\n  width: 100%;\r\n  min-width: 510px;\r\n  margin: 0;\r\n  border-collapse: collapse;\r\n  font-size: 15px;\r\n  line-height: 1.6;\r\n}\r\n\r\n.anepsa-calendario-pt th {\r\n  background: #0B1D3A;\r\n  color: #FFFFFF !important;\r\n  text-align: left;\r\n  font-weight: 600;\r\n  padding: 15px 18px;\r\n  border: none;\r\n}\r\n\r\n.anepsa-calendario-pt td {\r\n  padding: 15px 18px;\r\n  color: #334155;\r\n  vertical-align: top;\r\n  border: none;\r\n  border-bottom: 1px solid #E7EDF4;\r\n}\r\n\r\n.anepsa-calendario-pt tbody tr:nth-child(even) {\r\n  background: #F6F9FC;\r\n}\r\n\r\n.anepsa-calendario-pt tbody tr:last-child td {\r\n  border-bottom: none;\r\n}\r\n\r\n.anepsa-calendario-pt td:first-child {\r\n  width: 30%;\r\n  font-weight: 600;\r\n  color: #0B1D3A;\r\n}\r\n\r\n.anepsa-calendario-pt .nota {\r\n  background: #F4F8FC;\r\n  padding: 14px 18px;\r\n  font-size: 13px;\r\n  line-height: 1.65;\r\n  color: #475569;\r\n  border-top: 1px solid #DEE7F0;\r\n}\r\n\r\n@media (max-width: 600px) {\r\n  .anepsa-calendario-pt table {\r\n    font-size: 13px;\r\n  }\r\n\r\n  .anepsa-calendario-pt th,\r\n  .anepsa-calendario-pt td {\r\n    padding: 12px;\r\n  }\r\n}\r\n<\/style>\r\n\r\n<div class=\"anepsa-calendario-pt\">\r\n  <table>\r\n    <thead>\r\n      <tr>\r\n        <th scope=\"col\">Reference date<\/th>\r\n        <th scope=\"col\">Tax obligation<\/th>\r\n      <\/tr>\r\n    <\/thead>\r\n\r\n    <tbody>\r\n      <tr>\r\n        <td>May 15, 2026<\/td>\r\n        <td>\r\n          Tax opinion corresponding to the 2025 fiscal year, when applicable.\r\n        <\/td>\r\n      <\/tr>\r\n\r\n      <tr>\r\n        <td>May 15, 2026<\/td>\r\n        <td>\r\n          Annex 9 of the Multiple Informative Declaration (DIM), corresponding to the 2025 fiscal year.\r\n        <\/td>\r\n      <\/tr>\r\n\r\n      <tr>\r\n        <td>December 31, 2026<\/td>\r\n        <td>\r\n          Local, Master and Country-by-Country information returns for the year 2025, for obligated taxpayers.\r\n        <\/td>\r\n      <\/tr>\r\n    <\/tbody>\r\n  <\/table>\r\n\r\n  <div class=\"nota\">\r\n    <strong>Note:<\/strong>\r\n    These are general reference dates for obligations for the 2025 fiscal year. Specific rules, exceptions, or administrative procedures may apply. Due dates should be confirmed with the SAT (Mexican Tax Administration Service) and the regulations in force for each taxpayer and the applicable obligation.\r\n  <\/div>\r\n<\/div>\r\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5052abab elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5052abab\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3ba29168\" data-id=\"3ba29168\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-17ef4a52 elementor-widget elementor-widget-spacer\" data-id=\"17ef4a52\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3b84d31 elementor-widget elementor-widget-heading\" data-id=\"3b84d31\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How is a transfer pricing study prepared?\n\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-da4649b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"da4649b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-48f4965f\" data-id=\"48f4965f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-25083b31 elementor-widget elementor-widget-text-editor\" data-id=\"25083b31\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The analysis process is typically organized into six stages that must be adapted to the operation and the required documentation. This sequence is a guideline and does not constitute six independent formal requirements literally established by law.<\/span><\/p><ol><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Identify related party transactions.<\/b><span style=\"font-weight: 400;\"> List every transaction during the fiscal year between the taxpayer and its related parties: purchase and sale of goods, services, royalties, financing, guarantees, and transfer of personnel. Not just &quot;large&quot; transactions\u2014smaller ones also count for analysis.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Functional and comparability analysis. Document the functions, assets, and risks of each party. If a transaction requires substantiating the value of tangible or intangible assets, or a business, an independent valuation may be useful; however, it is not mandatory in all cases.<\/b><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Selection of the valuation method.<\/b><span style=\"font-weight: 400;\"> Based on the functional analysis and the availability of comparables, one of the six methods of Art. 180 LISR is chosen, respecting the order of precedence explained below.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Data collection and comparisons.<\/b><span style=\"font-weight: 400;\"> Financial statements, contracts, pricing policies, and independent comparable databases from the correct sector and geography are gathered.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Determination of arm&#039;s length results and adjustments, if applicable. Depending on the method and available comparables, the analysis may produce a value or a range. Where appropriate, statistical procedures are applied and legally required adjustments are assessed.<\/b><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Documentation and support.<\/b><span style=\"font-weight: 400;\"> The formal Transfer Pricing Study is prepared, reconciled with Annex 9 of the DIM \u2014and, if applicable, with the Local, Master and Country-by-Country Informative Declarations\u2014 and all evidence is kept for a possible review by the SAT.<\/span><\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4edae41f elementor-widget elementor-widget-image\" data-id=\"4edae41f\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"768\" height=\"512\" src=\"https:\/\/anepsa.com.mx\/wp-content\/uploads\/2026\/10\/Pasos-para-un-estudio-de-precios-de-transferencia-768x512.png\" class=\"attachment-medium_large size-medium_large wp-image-15415\" alt=\"\" srcset=\"https:\/\/anepsa.com.mx\/wp-content\/uploads\/2026\/10\/Pasos-para-un-estudio-de-precios-de-transferencia-768x512.png 768w, https:\/\/anepsa.com.mx\/wp-content\/uploads\/2026\/10\/Pasos-para-un-estudio-de-precios-de-transferencia-300x200.png 300w, https:\/\/anepsa.com.mx\/wp-content\/uploads\/2026\/10\/Pasos-para-un-estudio-de-precios-de-transferencia-1024x683.png 1024w, https:\/\/anepsa.com.mx\/wp-content\/uploads\/2026\/10\/Pasos-para-un-estudio-de-precios-de-transferencia-18x12.png 18w, https:\/\/anepsa.com.mx\/wp-content\/uploads\/2026\/10\/Pasos-para-un-estudio-de-precios-de-transferencia.png 1536w\" sizes=\"(max-width: 768px) 100vw, 768px\" title=\"\">\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7dea6b59 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7dea6b59\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1851e2ea\" data-id=\"1851e2ea\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-76954493 elementor-widget elementor-widget-spacer\" data-id=\"76954493\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-68fd0d1e elementor-widget elementor-widget-heading\" data-id=\"68fd0d1e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The six transfer pricing methods\n\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4fc2b8db elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4fc2b8db\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-636741b5\" data-id=\"636741b5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2b02e6fd elementor-widget elementor-widget-text-editor\" data-id=\"2b02e6fd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ol><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Comparable Uncontrolled Price (CUP)<\/b><span style=\"font-weight: 400;\">This method directly compares the agreed-upon price with that of an identical transaction between independent parties. It is the most direct method, but requires nearly identical comparables.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Resale Price<\/b><span style=\"font-weight: 400;\">Part of the resale price is sold to an independent third party, and a gross margin comparable to the market rate is deducted. Useful for distributors.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Additional Cost<\/b><span style=\"font-weight: 400;\">: part of the production cost and adds a comparable gross profit margin. Common in contract manufacturing.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Utilities Partition<\/b><span style=\"font-weight: 400;\">This method divides the overall profit among the parts according to their relative contribution (assets, functions, risks). It is used when operations are highly integrated.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Utilities Partition Residual<\/b><span style=\"font-weight: 400;\">: variant \u2014 first a minimum profit is assigned for basic functions, and the residual is distributed according to the contribution of intangibles or other unique factors.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Transactional Operating Profit Margins (TNMM\/MTU)<\/b><span style=\"font-weight: 400;\">This compares the operating profit margin against that of comparable companies. In Mexican practice, it is the most widely used because it better tolerates product differences.<\/span><\/li><\/ol><p>\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-127089e7 elementor-widget elementor-widget-html\" data-id=\"127089e7\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t\t\r\n<style>\r\n.anepsa-metodos-pt {\r\n  width: 100%;\r\n  margin: 20px 0 28px;\r\n  border: 1px solid #DEE7F0;\r\n  border-radius: 10px;\r\n  overflow: hidden;\r\n  font-family: inherit;\r\n}\r\n\r\n.anepsa-metodos-pt table {\r\n  width: 100%;\r\n  margin: 0;\r\n  border: none;\r\n  border-collapse: collapse;\r\n  font-size: 15px;\r\n  line-height: 1.6;\r\n}\r\n\r\n.anepsa-metodos-pt th {\r\n  background: #0B1D3A;\r\n  color: #FFFFFF !important;\r\n  padding: 16px 18px;\r\n  font-weight: 600;\r\n  text-align: left;\r\n  border: none;\r\n}\r\n\r\n.anepsa-metodos-pt td {\r\n  padding: 16px 18px;\r\n  color: #334155;\r\n  border: none;\r\n  border-bottom: 1px solid #E7EDF4;\r\n  vertical-align: top;\r\n}\r\n\r\n.anepsa-metodos-pt tbody tr:nth-child(even) {\r\n  background: #F6F9FC;\r\n}\r\n\r\n.anepsa-metodos-pt tbody tr:last-child td {\r\n  border-bottom: none;\r\n}\r\n\r\n.anepsa-metodos-pt td:first-child {\r\n  width: 38%;\r\n  color: #0B1D3A;\r\n  font-weight: 600;\r\n}\r\n\r\n@media (max-width: 600px) {\r\n  .anepsa-metodos-pt th,\r\n  .anepsa-metodos-pt td {\r\n    padding: 12px 11px;\r\n    font-size: 13px;\r\n  }\r\n\r\n  .anepsa-metodos-pt td:first-child {\r\n    width: 42%;\r\n  }\r\n}\r\n<\/style>\r\n\r\n<div class=\"anepsa-metodos-pt\">\r\n  <table>\r\n    <thead>\r\n      <tr>\r\n        <th scope=\"col\">Method<\/th>\r\n        <th scope=\"col\">What does it consist of?<\/th>\r\n      <\/tr>\r\n    <\/thead>\r\n\r\n    <tbody>\r\n      <tr>\r\n        <td>\r\n          1. Comparable Uncontrolled Price (PCNC\/CUP)\r\n        <\/td>\r\n        <td>\r\n          Compare the price of a transaction between related parties with that of comparable transactions between independent parties.\r\n        <\/td>\r\n      <\/tr>\r\n\r\n      <tr>\r\n        <td>2. Resale Price<\/td>\r\n        <td>\r\n          It takes into account part of the resale price to an independent third party and considers a comparable gross margin. It is used, among other cases, in distribution activities.\r\n        <\/td>\r\n      <\/tr>\r\n\r\n      <tr>\r\n        <td>3. Additional Cost<\/td>\r\n        <td>\r\n          Analyze the costs of an operation and add a comparable gross profit margin. It can be applied to certain manufacturing or service operations.\r\n        <\/td>\r\n      <\/tr>\r\n\r\n      <tr>\r\n        <td>4. Utilities Partition<\/td>\r\n        <td>\r\n          Distribute the profit corresponding to related operations considering the functions, assets and risks of the parties involved.\r\n        <\/td>\r\n      <\/tr>\r\n\r\n      <tr>\r\n        <td>5. Utilities Partition Residual<\/td>\r\n        <td>\r\n          First, it assigns returns associated with identifiable contributions and then distributes the residual profit according to the relevant economic contributions of each party.\r\n        <\/td>\r\n      <\/tr>\r\n\r\n      <tr>\r\n        <td>\r\n          6. Transactional Operating Profit Margins (MTU\/TNMM)\r\n        <\/td>\r\n        <td>\r\n          Compare operating profitability indicators with those obtained in comparable independent operations or companies.\r\n        <\/td>\r\n      <\/tr>\r\n    <\/tbody>\r\n  <\/table>\r\n<\/div>\r\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-65b21bb elementor-widget elementor-widget-text-editor\" data-id=\"65b21bb\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h3>What is the full capacity range?<\/h3><p>The arm&#039;s length range is a set of prices, considerations, or margins obtained from comparable transactions between independent parties.<\/p><p>Depending on the method used and the information available, the analysis can determine a reference value or a range of results. When several comparables exist, statistical procedures can be applied in accordance with the relevant regulations.<\/p><p><strong>Not all methods necessarily generate an interquartile range.<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4a49972 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4a49972\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-62fbaa44\" data-id=\"62fbaa44\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6efc577c elementor-widget elementor-widget-heading\" data-id=\"6efc577c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Illustrative numerical example (MTU\/TNMM)<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2cd1e50e elementor-widget elementor-widget-text-editor\" data-id=\"2cd1e50e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>A company has operating costs of MXN 50,000,000 and reports operating profit of MXN 1,200,000 (2.4% of costs). For illustrative purposes only, assume that reliable comparables yield margins ranging from 4% to 7%, with a median margin of 5.5%. The profit at 5.5% would be MXN 2,750,000: this is the target profit, NOT the additional adjustment. The difference from MXN 1,200,000 is MXN 1,550,000. The origin, direction, and amount of any actual tax adjustment require legal and technical analysis of the operations and comparables.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-59d95e6d elementor-widget elementor-widget-html\" data-id=\"59d95e6d\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t\t\r\n<style>\r\n.anepsa-tabla-tnmm {\r\n  width: 100%;\r\n  overflow-x: auto;\r\n  border: 1px solid #DAE4EF;\r\n  border-radius: 9px;\r\n  margin: 20px 0;\r\n}\r\n\r\n.anepsa-tabla-tnmm table {\r\n  width: 100%;\r\n  border-collapse: collapse;\r\n  margin: 0;\r\n  font-family: inherit;\r\n  font-size: 15px;\r\n}\r\n\r\n.anepsa-tabla-tnmm th {\r\n  background: #0B1D3A;\r\n  color: #FFFFFF !important;\r\n  padding: 14px 18px;\r\n  text-align: left;\r\n  font-weight: 600;\r\n}\r\n\r\n.anepsa-tabla-tnmm th:last-child,\r\n.anepsa-tabla-tnmm td:last-child {\r\n  text-align: right;\r\n}\r\n\r\n.anepsa-tabla-tnmm td {\r\n  padding: 13px 18px;\r\n  border-bottom: 1px solid #E3EAF2;\r\n  color: #263445;\r\n}\r\n\r\n.anepsa-tabla-tnmm tbody tr:nth-child(even) {\r\n  background: #F5F8FC;\r\n}\r\n\r\n.anepsa-tabla-tnmm tbody tr:last-child td {\r\n  border-bottom: none;\r\n}\r\n\r\n.anepsa-tabla-tnmm .resultado td {\r\n  background: #E8F1FA;\r\n  color: #0B3B70;\r\n  font-weight: 700;\r\n}\r\n\r\n@media (max-width: 600px) {\r\n  .anepsa-tabla-tnmm th,\r\n  .anepsa-tabla-tnmm td {\r\n    padding: 11px 10px;\r\n    font-size: 13px;\r\n  }\r\n}\r\n<\/style>\r\n\r\n<div class=\"anepsa-tabla-tnmm\">\r\n  <table>\r\n    <thead>\r\n      <tr>\r\n        <th scope=\"col\">Concept<\/th>\r\n        <th scope=\"col\">Value<\/th>\r\n      <\/tr>\r\n    <\/thead>\r\n    <tbody>\r\n      <tr>\r\n        <td>Operating costs<\/td>\r\n        <td>$50,000,000 MXN<\/td>\r\n      <\/tr>\r\n      <tr>\r\n        <td>Reported operating profit<\/td>\r\n        <td>$1,200,000 MXN<\/td>\r\n      <\/tr>\r\n      <tr>\r\n        <td>Reported margin on costs<\/td>\r\n        <td>2,4 %<\/td>\r\n      <\/tr>\r\n      <tr>\r\n        <td>Comparable margin range<\/td>\r\n        <td>4 %\u20137 %<\/td>\r\n      <\/tr>\r\n      <tr>\r\n        <td>Reference median<\/td>\r\n        <td>5,5 %<\/td>\r\n      <\/tr>\r\n      <tr>\r\n        <td>Median calculated utility<\/td>\r\n        <td>$2,750,000 MXN<\/td>\r\n      <\/tr>\r\n      <tr class=\"resultado\">\r\n        <td>Illustrative difference<\/td>\r\n        <td>$1,550,000 MXN<\/td>\r\n      <\/tr>\r\n    <\/tbody>\r\n  <\/table>\r\n<\/div>\r\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-565ff779 elementor-widget elementor-widget-text-editor\" data-id=\"565ff779\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>In this example, the reported operating profit is below the reference range. Applying a median of 5.5% to operating costs results in a profit of MXN 2,750,000.<\/p><p>The difference with respect to the reported profit is $1,550,000 MXN. <strong>This difference is for illustrative purposes only and does not automatically constitute a required tax adjustment.<\/strong>Any actual adjustment requires analyzing the operation, the selected method, the comparables, and the applicable legal provisions.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-38018a85 elementor-widget elementor-widget-heading\" data-id=\"38018a85\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">When can you provide an independent appraisal?\n\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5f220e6a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5f220e6a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5399b0d8\" data-id=\"5399b0d8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7856f73b elementor-widget elementor-widget-text-editor\" data-id=\"7856f73b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The transfer pricing study is based on the analysis of comparable functions, assets, risks, and transactions. In certain cases, an independent valuation may provide additional technical evidence regarding machinery, real estate, businesses, or intangible assets. Its necessity depends on the transaction and should not be assumed to be mandatory in all studies.<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Two situations in which it is advisable to consider the support of specialists:<\/span><\/p><p>\u00a0<\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Maquiladora Safe Harbor (Article 182 of the Mexican Income Tax Law): Taxable income is determined by considering the higher of the legally established results: 6.9% of the total taxable income (TPI) on an asset base determined according to specific tax rules, and 6.5% of the corresponding costs and expenses. The tax base is NOT automatically replaced by the market value obtained in an appraisal. An appraiser may assist in specific situations involving asset analysis or transfers, but this does not imply that an appraisal is a universal requirement for the safe harbor.<\/b><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><b>Restructurings and transfers of assets or intangibles: transactions between related parties that include the transfer of machinery, trademarks, technology, or business units may require supporting economic values and market conditions. Depending on the case and the method chosen, an independent valuation may complement the transfer pricing analysis.<\/b><\/li><\/ul><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">For the firm, tax studies and independent valuations can be complementary tools when the transaction involves assets with complex valuations. They should not be presented as mandatory joint services nor as substitutes for the documentation and methods required by the Mexican Income Tax Law (LISR).<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-56a781dd elementor-widget elementor-widget-heading\" data-id=\"56a781dd\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Common mistakes in transfer pricing\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5574cb46 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5574cb46\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-65668127\" data-id=\"65668127\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1d66a875 elementor-widget elementor-widget-text-editor\" data-id=\"1d66a875\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Treat Annex 9 of the DIM as an administrative procedure, instead of a data source that the SAT automatically cross-references with other declarations.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Using outdated comparables or from a different sector just because they are available in an already paid database.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Not documenting the functional analysis (what functions each part performs, what assets it uses, what risks it assumes).<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Confusing the book value, market value, and tax base of assets, especially when there is a specific legal methodology, such as that provided for the safe harbor of maquiladoras.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Apply the same method year after year without checking if it is still the most appropriate when business conditions change.<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ignore \u201cminor\u201d transactions such as intercompany guarantees, related-party loans, or staff transfers.<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4931474f elementor-widget elementor-widget-spacer\" data-id=\"4931474f\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3a259395 elementor-widget elementor-widget-heading\" data-id=\"3a259395\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Transfer pricing checklist for accounting firms\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-38c9c1cd elementor-widget elementor-widget-text-editor\" data-id=\"38c9c1cd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ol><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Does the group have related entities inside or outside of Mexico, and what are the consolidated revenues of the entire group (not just the Mexican entity)?<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">What types of intercompany transactions exist? (purchase and sale of goods, services, royalties, financing, guarantees, transfer of personnel)<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Is there a current Transfer Pricing Study for the current fiscal year, or is one from previous years being used without updating?<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If it is a maquiladora: Were the tax rules of Article 182 correctly applied to the asset and cost and expense basis? Are there any asset transfer transactions that require separate valuation evidence?<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Did the exercise involve any restructuring, merger, spin-off, or transfer of intangibles between related parties that requires supporting documentation for their value?<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Was the obligation to submit Annex 9 of the DIM correctly identified, and, where applicable, the Local, Master and Country-by-Country declarations according to their differentiated assumptions?<\/span><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Do the comparables used in the study correspond to the correct sector and geography, and are they of a reasonable age?<\/span><\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-61a65af2 elementor-widget elementor-widget-heading\" data-id=\"61a65af2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Frequent questions\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6c53a28f elementor-widget elementor-widget-html\" data-id=\"6c53a28f\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t\t\r\n<style>\r\n\/* FAQ \u2014 ANEPSA M\u00e9xico *\/\r\n.anepsa-faq-pt {\r\n  width: 100%;\r\n  font-family: inherit;\r\n  margin: 15px 0 30px;\r\n}\r\n\r\n.anepsa-faq-pt details {\r\n  border: 1px solid #DCE5EF;\r\n  border-radius: 8px;\r\n  background: #FFFFFF;\r\n  margin-bottom: 12px;\r\n  overflow: hidden;\r\n}\r\n\r\n.anepsa-faq-pt summary {\r\n  display: flex;\r\n  align-items: center;\r\n  justify-content: space-between;\r\n  gap: 20px;\r\n  padding: 19px 22px;\r\n  color: #0B1D3A;\r\n  font-size: 16px;\r\n  font-weight: 600;\r\n  line-height: 1.5;\r\n  cursor: pointer;\r\n  list-style: none;\r\n  transition: background .2s ease;\r\n}\r\n\r\n.anepsa-faq-pt summary::-webkit-details-marker {\r\n  display: none;\r\n}\r\n\r\n.anepsa-faq-pt summary::after {\r\n  content: \"+\";\r\n  flex-shrink: 0;\r\n  color: #0B4E91;\r\n  font-size: 24px;\r\n  font-weight: 400;\r\n  line-height: 1;\r\n}\r\n\r\n.anepsa-faq-pt details[open] summary::after {\r\n  content: \"\u2212\";\r\n}\r\n\r\n.anepsa-faq-pt summary:hover,\r\n.anepsa-faq-pt details[open] summary {\r\n  background: #F4F8FC;\r\n}\r\n\r\n.anepsa-faq-pt summary:focus-visible {\r\n  outline: 2px solid #1765A3;\r\n  outline-offset: -3px;\r\n}\r\n\r\n.anepsa-faq-pt .faq-respuesta {\r\n  padding: 0 22px 20px;\r\n  color: #334155;\r\n  font-size: 15px;\r\n  line-height: 1.75;\r\n}\r\n\r\n.anepsa-faq-pt .faq-respuesta p {\r\n  margin: 12px 0 0;\r\n}\r\n\r\n@media (max-width: 600px) {\r\n  .anepsa-faq-pt summary {\r\n    padding: 16px;\r\n    font-size: 15px;\r\n  }\r\n\r\n  .anepsa-faq-pt .faq-respuesta {\r\n    padding: 0 16px 18px;\r\n    font-size: 14px;\r\n  }\r\n}\r\n<\/style>\r\n\r\n<div class=\"anepsa-faq-pt\">\r\n\r\n  <!-- Pregunta 1 -->\r\n  <details>\r\n    <summary>\r\n      Which companies are required to document transfer prices in Mexico?\r\n    <\/summary>\r\n    <div class=\"faq-respuesta\">\r\n      <p>\r\n        Companies that conduct transactions with related parties must review the applicable provisions of the Income Tax Law (LISR), their tax regime, and any corresponding exceptions. The obligation to retain documentation does not automatically imply filing the three informational returns required by Article 76-A.\r\n      <\/p>\r\n    <\/div>\r\n  <\/details>\r\n\r\n  <!-- Pregunta 2 -->\r\n  <details>\r\n    <summary>\r\n      How often should a transfer pricing study be updated?\r\n    <\/summary>\r\n    <div class=\"faq-respuesta\">\r\n      <p>\r\n        The study must reflect the operations and market conditions of the corresponding fiscal year. Using a previous study without reviewing comparables or changes in the business may result in findings during a tax audit.\r\n      <\/p>\r\n    <\/div>\r\n  <\/details>\r\n\r\n  <!-- Pregunta 3 -->\r\n  <details>\r\n    <summary>\r\n      Is a commercial appraisal mandatory to calculate the safe harbor for maquiladoras?\r\n    <\/summary>\r\n    <div class=\"faq-respuesta\">\r\n      <p>\r\n        Not generally. Article 182 of the Mexican Income Tax Law (LISR) establishes specific tax rules for determining the asset base and applicable costs and expenses. An independent appraisal may be useful for certain transactions, but it does not automatically replace the tax methodology established by law.\r\n      <\/p>\r\n    <\/div>\r\n  <\/details>\r\n\r\n  <!-- Pregunta 4 -->\r\n  <details>\r\n    <summary>\r\n      What happens if the SAT determines that a transaction does not comply with the arm&#039;s length principle?\r\n    <\/summary>\r\n    <div class=\"faq-respuesta\">\r\n      <p>\r\n        Depending on the specific circumstances and applicable regulations, adjustments may be made to the taxpayer&#039;s income or deductions, with tax consequences. Penalties or restrictions on deductibility require analysis of the specific situation and are not automatically applied in the event of any discrepancy.\r\n      <\/p>\r\n    <\/div>\r\n  <\/details>\r\n\r\n  <!-- Pregunta 5 -->\r\n  <details>\r\n    <summary>\r\n      Can the six transfer pricing methods be freely chosen?\r\n    <\/summary>\r\n    <div class=\"faq-respuesta\">\r\n      <p>\r\n        Not without justification. Article 180 of the Mexican Income Tax Law (LISR) establishes priority for examining the comparable uncontrolled price method. Other methods may be used when the comparable uncontrolled price method is not appropriate, considering the characteristics of the transaction and the comparable information available.\r\n      <\/p>\r\n    <\/div>\r\n  <\/details>\r\n\r\n<\/div>\r\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2139a79f elementor-widget elementor-widget-spacer\" data-id=\"2139a79f\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-16dd8926 elementor-widget elementor-widget-html\" data-id=\"16dd8926\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t\t\r\n<style>\r\n.anepsa-cta-pt {\r\n  background: linear-gradient(135deg, #0B1D3A, #14345A);\r\n  border-radius: 14px;\r\n  padding: 38px 42px;\r\n  color: #FFFFFF;\r\n  font-family: inherit;\r\n}\r\n\r\n.anepsa-cta-pt .etiqueta {\r\n  display: block;\r\n  color: #A9D4F5;\r\n  font-size: 12px;\r\n  font-weight: 600;\r\n  letter-spacing: 1.2px;\r\n  text-transform: uppercase;\r\n  margin-bottom: 12px;\r\n}\r\n\r\n.anepsa-cta-pt .titulo {\r\n  color: #FFFFFF;\r\n  font-size: clamp(21px, 3vw, 28px);\r\n  font-weight: 700;\r\n  line-height: 1.35;\r\n  margin: 0 0 16px;\r\n}\r\n\r\n.anepsa-cta-pt p {\r\n  color: #E1EAF5;\r\n  font-size: 16px;\r\n  line-height: 1.7;\r\n  margin: 0 0 24px;\r\n}\r\n\r\n.anepsa-cta-pt .boton {\r\n  display: inline-block;\r\n  background: #FFFFFF;\r\n  color: #0B1D3A !important;\r\n  padding: 14px 24px;\r\n  border-radius: 7px;\r\n  font-size: 15px;\r\n  font-weight: 700;\r\n  text-decoration: none !important;\r\n  cursor: pointer;\r\n  transition: background .2s ease;\r\n}\r\n\r\n.anepsa-cta-pt .boton:hover {\r\n  background: #E5F1FC;\r\n}\r\n\r\n.anepsa-cta-pt .boton:focus-visible {\r\n  outline: 3px solid #93C5FD;\r\n  outline-offset: 4px;\r\n}\r\n\r\n@media (max-width: 600px) {\r\n  .anepsa-cta-pt {\r\n    padding: 28px 22px;\r\n  }\r\n\r\n  .anepsa-cta-pt .boton {\r\n    display: block;\r\n    text-align: center;\r\n  }\r\n}\r\n<\/style>\r\n\r\n<section class=\"anepsa-cta-pt\"\r\n  aria-label=\"Inquiry regarding asset valuation\">\r\n\r\n  <span class=\"etiqueta\">\r\n    Valuation of assets and companies\r\n  <\/span>\r\n\r\n  <p class=\"titulo\">\r\n    Do you need to substantiate the value of assets in a related-party transaction?\r\n  <\/p>\r\n\r\n  <p>\r\n    At ANEPSA Mexico we can evaluate the valuation requirements of machinery, equipment, companies and intangibles to determine the appropriate technical scope for your operation.\r\n  <\/p>\r\n\r\n  <a class=\"boton\" href=\"#contacto-footer\">\r\n    Request scope assessment \u2198\r\n  <\/a>\r\n<\/section>\r\n\r\n<script>\r\n(function () {\r\n  const bloque = document.querySelector('.anepsa-cta-pt');\r\n  if (!bloque) return;\r\n\r\n  const boton = bloque.querySelector('.boton');\r\n\r\n  boton.addEventListener('click', function (e) {\r\n    const formulario = document.querySelector(\r\n      '.ast-footer-widget-1-area'\r\n    );\r\n\r\n    if (!formulario) return;\r\n\r\n    e.preventDefault();\r\n\r\n    formulario.scrollIntoView({\r\n      behavior: 'smooth',\r\n      block: 'start'\r\n    });\r\n  });\r\n})();\r\n<\/script>\r\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2a5a1412 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2a5a1412\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-359a4b8d\" data-id=\"359a4b8d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7d7e62d4 elementor-widget elementor-widget-heading\" data-id=\"7d7e62d4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Links that may be of interest to you<\/h3>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3a959e24 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3a959e24\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-7bfdfde1\" data-id=\"7bfdfde1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-325bc92a elementor-position-top elementor-widget elementor-widget-image-box\" data-id=\"325bc92a\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><a href=\"https:\/\/anepsa.com.mx\/en\/nearshoring-a-growth-opportunity\/\" tabindex=\"-1\"><img decoding=\"async\" src=\"https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img,w_605\/https:\/\/anepsa.com.mx\/wp-content\/uploads\/2024\/02\/Nearshoring-una-oportunidad-de-crecimiento.jpg\" title=\"\" alt=\"\" loading=\"lazy\"><\/a><\/figure><div class=\"elementor-image-box-content\"><h3 class=\"elementor-image-box-title\"><a href=\"https:\/\/anepsa.com.mx\/en\/nearshoring-a-growth-opportunity\/\">Nearshoring, a growth opportunity?<\/a><\/h3><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-18948ac3\" data-id=\"18948ac3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-498a82af elementor-position-top elementor-widget elementor-widget-image-box\" data-id=\"498a82af\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><a href=\"https:\/\/anepsa.com.mx\/en\/tax-appraisal-deduction-of-improvements\/\" tabindex=\"-1\"><img decoding=\"async\" src=\"https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img,w_605\/https:\/\/anepsa.com.mx\/wp-content\/uploads\/2024\/02\/Avaluo-fiscal-deduccion-de-mejoras-2.jpg\" title=\"\" alt=\"\" loading=\"lazy\"><\/a><\/figure><div class=\"elementor-image-box-content\"><h3 class=\"elementor-image-box-title\"><a href=\"https:\/\/anepsa.com.mx\/en\/tax-appraisal-deduction-of-improvements\/\">Tax Appraisal | Improvement Deduction<\/a><\/h3><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-6e89fec9\" data-id=\"6e89fec9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4ea8dee0 elementor-position-top elementor-widget elementor-widget-image-box\" data-id=\"4ea8dee0\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><a href=\"https:\/\/anepsa.com.mx\/en\/financial-reporting-standard-c-6\/\" tabindex=\"-1\"><img decoding=\"async\" src=\"https:\/\/sp-ao.shortpixel.ai\/client\/to_webp,q_glossy,ret_img,w_605\/https:\/\/anepsa.com.mx\/wp-content\/uploads\/2023\/12\/Norma-de-Informacion-Financiera-C-6-Inmuebles-maquinaria-y-equipo.jpg\" title=\"\" alt=\"machinery image\" loading=\"lazy\"><\/a><\/figure><div class=\"elementor-image-box-content\"><h3 class=\"elementor-image-box-title\"><a href=\"https:\/\/anepsa.com.mx\/en\/financial-reporting-standard-c-6\/\">Financial Reporting Standard C-6 | Real estate, machinery and equipment<\/a><\/h3><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>Transfer pricing refers to agreements between related companies in transactions that may involve the transfer of various assets, such as; technology, brands, services, financing and leasing. Learn more.<\/p>","protected":false},"author":1,"featured_media":15419,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12338","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sin-categoria"],"_links":{"self":[{"href":"https:\/\/anepsa.com.mx\/en\/wp-json\/wp\/v2\/posts\/12338","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anepsa.com.mx\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anepsa.com.mx\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anepsa.com.mx\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/anepsa.com.mx\/en\/wp-json\/wp\/v2\/comments?post=12338"}],"version-history":[{"count":33,"href":"https:\/\/anepsa.com.mx\/en\/wp-json\/wp\/v2\/posts\/12338\/revisions"}],"predecessor-version":[{"id":15440,"href":"https:\/\/anepsa.com.mx\/en\/wp-json\/wp\/v2\/posts\/12338\/revisions\/15440"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anepsa.com.mx\/en\/wp-json\/wp\/v2\/media\/15419"}],"wp:attachment":[{"href":"https:\/\/anepsa.com.mx\/en\/wp-json\/wp\/v2\/media?parent=12338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anepsa.com.mx\/en\/wp-json\/wp\/v2\/categories?post=12338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anepsa.com.mx\/en\/wp-json\/wp\/v2\/tags?post=12338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}