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Lizette Tellez-De la Vega

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Lizette Téllez-de la Vega is an associate in Baker & McKenzie’s Tax Practice Group in Mexico City. She joined the Firm in 2008. Ms. Téllez-de la Vega's practice primarily focuses on international tax planning, private banking, tax advisory for cross-border transactions, wealth management and tax litigation. She has advised on matters related to corporate taxes, value-added tax, single-rate tax, double-tax treaties, tax credit, royalties, dividends, withholding tax, preferential tax regime rules and tax treatment applicable to non-profit organizations. Her practice also includes advising and assisting clients in tax audits and tax planning opportunities arising from internal restructurings.
In Latin America

Mexico: Beneficial owner records – New obligation for all legal entities and vehicles

by , and 4 Mins Read

Effective 1 January 2022, pursuant to the recently amended Federal Tax Code, legal entities, trusts and any legal vehicle or figure incorporated under the laws of Mexico and registered before the Tax Administration Service (SAT) must maintain as part of their tax accounting registries information regarding their beneficial owners. This information must be shared with the SAT upon request jointly with the corresponding procedure implemented in the legal entity to make the corresponding updates. Failure to comply with this information may result in fines of up to two million pesos per beneficial owner.

In Anti-Corruption

Mexico: Provisions on Reception and Disposal of Gifts, Presents or Equivalent by Public Officials of Federal Government

by , , , , , , , , , and 2 Mins Read

On 12 November 2019, the Secretary of Public Administration (SFP) published in the Federal Official Gazette the “Resolution issuing the provisions regarding the reception and disposal of gifts, presents or analogous by public officials of the Federal Government.” The SFP recapped the provisions of the General Law of Administrative Responsibilities…