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VAT_ Intercompany netting between the US and Mexico

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 Intercompany netting between US and Mexican affiliates and how it relates to applying the zero-rate VAT (IVA - Impuesto al Valor Agregado) in Mexico. 1. What is Intercompany Netting? Intercompany netting is essentially a financial process used by multinational companies to manage and settle mutual debts between their various subsidiaries or affiliates. Instead of each entity making separate payments for every single invoice owed to another related entity, they:   Calculate the total amount each entity owes to others within the group. Offset these amounts against each other. Only pay the final net difference. For a US parent and a Mexican affiliate: The Mexican affiliate might owe the US parent for management fees, royalties, or imported goods. The US parent might owe the Mexican affiliate for manufactured goods, services rendered (like IT support, call center operations, maquila services), etc. Through netting, they determine the net amount owed and by whom, resulting...
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Colombia- Withholding tax

  Based on the tax regulations effective in January 2026 , the "shortfall" you are seeing is almost certainly due to Colombian Withholding Taxes that the local affiliate is legally required to deduct before sending payment to the US. Because there is no enforced Double Tax Treaty between the US and Colombia, the Colombian entity cannot pay the full invoice amount without deducting these taxes. Here is the breakdown of why the payment is short and what you can do about it. 1. The Main Cause: Income Tax Withholding (Retención en la Fuente) Colombia imposes a high withholding tax on payments sent abroad for services, specifically "technical services, technical assistance, and consulting." 1 The Rate: The standard rate is 20% . 2 Note: If the "administrative fee" is classified purely as management fees without a "technical" component, the rate could theoretically be higher (33%), but 20% is the most common rate applied to intercompany service cha...
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Malaysia_ Stamp duty

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 Malaysia is introducing the Stamp Duty Self-Assessment System (SDSAS) progressively, based on the nature of the instruments or agreements involved. Concurrently, the tax authorities have also launched the Stamp Duty Audit Framework (SDAF), which came into effect on January 1, 2025. This framework aims to ensure that stamp duty audits are conducted with fairness, transparency, and impartiality, clearly defining the rights and obligations of those being audited and the auditing officers. Considering these developments, taxpayers should anticipate a rise in stamp duty audits in the near future. This underscores the importance of having a robust stamp duty risk management framework in place. It is now essential for taxpayers to possess a thorough understanding of stamp duty regulations and to establish clear protocols for ensuring all necessary documents are stamped promptly. ----  Future obligations under the upcoming Stamp Duty Self-Assessment System (SDSAS) and the implicati...
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