Accountancy in Mexico

>> Audit Requirements in Mexico

In accordance with the current Mexican tax law, a statutory audit is no longer mandatory. Instead, it is optional for  those companies that exceed any of  the following in the prior tax year:

  • Incomes more than $100,000,000.00 mxn.
  • Net assets more than $79,000,000.00 mxn.
  • An average of 300 or more employees during the year.

The audit became optional in 2014. A statutory audit is performed by an independent auditor, and includes an examination of the tax return, and may bring benefits such as the reduction the risk that direct audit lead by Tax authorities (SAT) among others, the  tax refund process, etc.


Latest version updated 25th October 2017

Country Breakdown

127.5

Million

Population

$

Mexican Peso

Currency

$ 8200

GDP

1.964

Million

km2