Figure 1 Tax Law Route

The economic acts or activities carried out by companies are carried out within the framework of commercial laws. These events are captured by the Accounting Standards (Mexican Financial Reporting Standards –MFRS-, International Financial Reporting Standards –IFRS-, and United Standards Generally Accounting Accepted Principle –USGAAP-) to transition to the application of the tax laws of Income Tax, Value Added Tax, Special Taxes, Import and Export Taxes, and Customs Law.