Audit preparedness is not just a defensive strategy; it's an integral part of a successful and resilient business. By adopting proactive measures, businesses can not only minimize the risks associated with sales and use tax audits but also create a foundation for sustainable growth. In a world where compliance is paramount, being audit-ready is a strategic advantage that fosters trust with tax authorities, investors and customers alike.
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Companies in Mexico with a local presence that are currently undergoing, or may in the future undergo, a tax review for FY 2020 of its transfer pricing policies involving the United States, need to file a protective claim/notification no later than September 30th, 2025.