U.S. IRS Announce Renewal of Competent Authority Agreement on Maquiladoras

The U.S. IRS has announced that it has agreed with the Mexican Tax Administration to renew the Qualified Maquiladora Approach Agreement.

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Renewal of Competent Authority Agreement on Maquiladoras

November 16, 2020

The IRS and Mexico’s Servicio de Administración Tributaria ("SAT") have agreed to renew the Qualified Maquiladora Approach Agreement ("QMA"), a coordination arrangement most recently agreed to between the U.S. and Mexican competent authorities in 2016. The QMA allows a U.S. t…