Avoid Paying VAT on IMMEX/Maquila Operations
In-Depth Value Add Tax (VAT) Certification Process
- General analysis of the tax and customs Reforms.
- VAT on sales, definitive imports, and temporary imports.
- Benefits of Certification. How to complete the application and gather required documents. Analysis and strategies for completing the application.
- Importance of having an updated inventory control system.
Date: New Date Coming Soon!
Time: 9:00 am – Noon Central Time
Price: $250 per attendee.
Seating is Limited
Luis F. Martinez LL.M.
Luis currently practices international trade and customs law through his private firm, Abogados Martinez Serna S.C. in Monterrey Mexico. He has more than 15 years of experience in international trade in both the U.S. and Mexico practicing in the academic and private sectors.
Luis received his Law Degree from the Faculty of Law at Tec de Monterrey in 1997. In 1999, he received his LL.M. (International Trade Law) from the University of Arizona, James E. Rogers College of Law.. (more)
On October 29, 2013, Mexico`s Congress passed one of the most significant tax reforms in years that includes charging Value Added Tax (VAT), beginning in 2015, on temporary importations of Maquiladora operations, among others.
Tax authorities insist this tax is not intended to collect revenue from Maquiladoras but rather as a control measure to assure goods that came in duty-free eventually return abroad. However, costs associated with complying with the requirements to become certified and avoid payment of the VAT are high.
If Maquiladoras are not certified for VAT purposes they will need to pay the VAT upfront. The requirements to obtain certification and the application itself have been published in the Federal Gazette (Diario Oficial de la Federacion) and will be reviewed in detail during this webinar together with the new provisions of the VAT law itself.