On July 14 to 18, 2014 the Tax Administration Service (SAT) of Mexico was visited by two officials of the National Revenue Authority of Panama (ANIP) to learn about the wide experience on transfer pricing acquired by SAT over the years.

The main objective of the visit was to learn how SAT carries out the transfer pricing control process, as well as their experience and best practices in the case selection, planning and execution of audits. In that sense, among the main topics discussed were case detection in audit transfer pricing; legal framework for the transfer pricing audit process; review and importance of functional analysis; comparable evaluation; and use of public and private financial databases.

The exchange visit was prepared as a result of the requests presented by the recipient countries to the EUROsocial II Programme within the framework of the Action “Compliance with Tax Obligations” Area “Public Finance”, coordinated by the FIIAPP, whose operating partners are AEAT of Spain, IEF of Spain and CIAT. In the future, CIAT and the EUROsociAL II partners will follow the requests and interests presented by the tax administrations beneficiaries of the program, in order to move forward with new activities to support voluntary compliance.

The visitors together with Mr. Manuel Salvador Cruz Flores, Central Administrator of Transfer Pricing Control, and the SAT experts.		Photo: Evelyn V. Cooban – Head of the Transfer Pricing Unit, and Elidia Garcés – Panama Transfer Pricing Auditor, along with Mr. Alberto Platas, Transfer Pricing Control “2” Administrator , and three specialists of the SAT Transfer Pricing Area