• Service: Tax, Global Indirect Tax, International Tax
  • Type: Regulatory update
  • Date: 1/21/2014

Mexico - New certification requirements for companies importing goods 

January 21: Companies operating under the IMMEX or maquiladora regime must demonstrate that they meet certain requirements and that they have obtained certification concerning certain imports under changes to the rules for Mexico’s value added tax (VAT) and special tax on production and services (impuesto especial sobre producción y servicios—IEPS) for the companies to be eligible for a credit of the VAT or IEPS.

The VAT law and the IEPS changes (December 2013) concern the credit for indirect taxes relating to temporary imports of goods by certain companies (i.e., operating under the IMMEX program or operating under a bonded warehouse regime). In general, to be eligible for full credit for these taxes, the companies must obtain a certificate from Mexico’s tax administration that there is appropriate control of the imported goods. Failure to qualify for the certification can require the companies to obtain guarantees concerning the payment of VAT and IEPS.

Read a January 2014 report (English) (or Spanish) prepared by the KPMG member firm in Mexico: Certification Rules in Relation to the Value Added Tax and the Excise Tax on Production and Services

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