“Francisco Palmero consistently delivers great results. He has extensive knowledge of tax matters and is excellent at what he does." Chambers & Partners (2027)
Francisco is a partner at Nader Hayaux Goebel and specializes in tax and administrative controversy, which involves advice and accompaniment in audit and review procedures by federal, state and municipal authorities; conciliation procedures; as well as the defense of their interests before the Courts in Mexico.
He is also an expert in tax consulting, with extensive experience in federal and local taxes, as well as in mergers and acquisitions, reorganizations and cross-border transactions. Francisco has advised several individuals in their estate planning.
He has participated as a speaker in several national and international conferences, including presentations before the Federal Court of Administrative Justice and is a member of the International Fiscal Association.
Francisco worked for most of his career at an international law firm based in Mexico City. He obtained his law degree from the Universidad Iberoamericana and his LLM in Business Law from Universidad Panamericana.
Work Highlights
Tax
- Successfully represented a client in obtaining a favorable final judgment regarding the interpretation of permanent establishment under the Income Tax Law and applicable Double Taxation Treaties, in connection with the exercise of control by a foreign resident over its Mexican subsidiary.
- Successfully represented a client in obtaining a favorable final ruling regarding the application of the 0% VAT rate to technical assistance services rendered for the benefit of a foreign resident and used abroad.
- Advised one of the most representative food companies in Mexico in the acquisition of a company in the sweetener industry.
- Advice and resolution in a conclusive agreement before the Mexican Tax Ombudsman (PRODECON) regarding the tax treatment applicable to operations carried out by one of the most important advertising agencies in the world.
- Obtained a favorable ruling in connection with the activities carried out by one of the largest technology information companies in the world, which had been disregarded by the federal tax authorities.
- Advice and planning for the acquisition of a group of companies in Mexico by a foreign fund, and advice in the structuring of the financing for its acquisition.
Admnistrative Law
- Obtained a favorable final judgment for one of the most important insurance companies in the country, in connection with the treatment of insurance agents for Social Security contributions.
- Obtained a favorable final judgment in connection with the correct classification of a company in the automotive sector for purposes of occupational risk insurance premium for social security purposes.
- Advised a company in the food industry on the applicable obligations to implement volumetric controls for hydrocarbons and petroleum products used in its operations.
Banking and Finance
- Advised a food company in the acquisition of a company in the sweetener industry.
- Participated in advising on and planning the acquisition of a group of companies in Mexico by a foreign fund, as well as the structuring of the financing for such acquisition.