Navigating thin capitalization and tax deductibility in private equity industry through a transfer pricing perspective In Mexico's private equity landscape, thin capitalization rules under Article 28, Section XXVIII of the Income Tax Law impose a 3:1 debt-to-equity ratio for related-party debt and a 30% tax EBITDA cap on net interest deductibility. Luisfernandoabarca 4 nov 3 min lectura