Strategizing International Tax Best Practices – by Keith Brockman

E-auditing: Mexico’s plan

Mexico has has announced its proactive e-auditing plan, as detailed in EY’s Tax Alert.

This type of audit will require a new skill set by the business:

  • E-mail governance, as the lack of a response signifies deemed acceptance of an assessment
  • Proactive audit management, not relying on letters and physical meetings
  • Coordination with Corp. HQ/Regional Tax for advance appeal planning
  • Pre-audit electronic reconciliation
  • Electronic cross-reference processes during the year for self-verification to identify gaps
  • IS expertise to ensure proper governance

This type of auditing, as well as joint audits, etc. signify a new trend for tax administrations having to cope with less resources and the intent to capture a fair share of tax.

http://www.ey.com/Publication/vwLUAssets/Mexican_Tax_Authorities_to_start_e_audits_during_September_2016/$FILE/2016G_02849-161Gbl_MX%20Tax%20Authorities%20to%20start%20e%20audits%20during%20September%202016.pdf

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