Audit Beneficiaries to Avoid Sanctions
Tax attorney Mario Barrera was cited in an article published by Reforma about the importance of auditing controlling beneficiaries in Mexico to avoid sanctions by the Tax Administration Service (SAT). Since 2022, the SAT requires companies to submit detailed information on each of the controlling beneficiaries. This implies listing their official identification, Federal Taxpayer Registry (RFC), tax address and verification of marital status, among others. Mr. Barrera explained the purpose and reasoning for this requirement.
"The objective behind this is to combat the management of operations with resources of illicit origin to finance terrorism, drug trafficking, etc., which is why the identification of the beneficiary and the data (requested) are very exhaustive," he said.