New Registration System For The Certification Of Companies: Permanent Compliance Of Obligations To Maintain Certification - Tax - Mexico Law Articles in English - Mondaq Business Briefing - Books and Journals - VLEX 686157765

New Registration System For The Certification Of Companies: Permanent Compliance Of Obligations To Maintain Certification

Author:Mr Edmundo Elias-Fernandez and Marisol de León
Profession:Cacheaux, Cavazos & Newton
 
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Prior to January 1, 2015, companies that introduced goods under temporary importation customs regimes, such as the IMMEX (Maquila) Program, in bond deposit for the assembly and manufacture of vehicles, in-bond premises and strategic foreign trade zones, had the benefit of importing goods temporarily to carry out their production process or service, without paying the value added tax, and, where applicable, the Special Tax on Production and Services for said imports.

On December 11, 2013, the addition of Article 28-A of the Value Added Tax Law and the reform of Article 15-A of the Law on the Special Tax on Production and Services were published in the Official Journal of the Federation, which established that companies that operate under any of the indicated regimes will pay VAT and IEPS on temporary importations. It was also established that companies could qualify for a special certification known as the "VAT Certification," which would allow them not to make an actual payment of the VAT. Companies that did not obtain the VAT Certification would be obligated to pay the VAT on temporary importations as of 2015.

The rules for qualifying for the VAT Certification were published in January 2014 in the General Rules on Foreign Trade for 2013. Since their original publication, the rules have been in constant flux. The most significant change was made on May 9, 2016, establishing a permanent compliance program for companies...

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