Doing Business in Mexico, English

The Manufacturing Industry in Mexico

24 Aug , 2020  

Manufacturing Industry in Mexico, IMMEX, VAT, IVA, Duty Deferral, Authorized Economic Operator, International Trade, Customs, Mexican Lawyers

Our fourth chapter of Doing Business in Mexico, Policy for the Manufacturing Industry in Mexico, will provide a general overview of the programs that promote the Mexican manufacturing industry, including the requirements and benefits to obtain various programs.

  1. Mexican Policy for the Manufacturing Industry
  2. What is the IMMEX Program?
    1. IMMEX Options
    2. IMMEX Benefits
    3. IMMEX Obligations
    4. Grounds for Suspension and/or cancellation of the IMMEX Program
    5. Tax Aspects: Income Tax and Value Added Tax
    6. Corporate Matters
    7. International Trade Matters
  3. Comprehensive Certification Company Scheme
    1. VAT/IEPS Certification
    2. General Requirements to Obtain VAT/IEPS Certification
    3. VAT/IEPS Certification Benefits and Requirements
    4. Authorized Economic Operation Certification
    5. Authorized Economic Operator Requirements in Mexico
    6. Benefits of Authorized Economic Operator
  4. Sector Promotion Program (PROSEC) and Eight Rule
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Mexican Policy for the Manufacturing Industry

The export manufacturing industry represents one of the most important pillars of Mexico’s economy. Once characterized for being in the northern border, the manufacturing industry has spread and established itself as well in the center of the country. As noted in Chapter 2 – Foreign Investment, about half of foreign investment inflows are destined for the manufacturing sector.

Within the manufacturing industry, the automotive sector is the most economically important, followed by the food, chemical, and basic metal sectors. The success of the automotive industry is largely explained by the integration of supply chains that began with the entry into force of the North American Free Trade Agreement (NAFTA). As noted in Why Investing in Mexico? Mexican manufacturing exports have left behind agricultural, extractive, and oil exports, which for many years were the most important in the Mexican economy.

During the economic crisis due to the COVID-19 pandemic, Mexico is committed to the opportunities offered by the USMCA so that the maquiladora industry can innovate and add more added value to manufactured goods.

As explained in the following lines, Mexico has created different international trade promotion policies specifically designed for the manufacturing industry. These policies aim to facilitate international trade operations, create economic incentives, and provide legal security for export manufacturing companies. At the same time, international trade promotion policies have contributed significantly and positively to the Mexican economy, attracting foreign investment, creating industrial clusters, and jobs.

The IMMEX Program: What is the IMMEX Program?

The IMMEX Decree is a duty-deferral government program that provides benefits to authorized companies that engage in the manufacturing or maquila operation scheme in Mexico, including import-export. In essence, the IMMEX Program grants administrative facilitation measures and tariff incentives to manufacturers, and foreign-owned companies may also access income tax incentives. The companies must be “residents” in Mexico to access the IMMEX Program per the provisions of the Federal Tax Code and the Income Tax Law.

Notably, IMMEX companies are authorized to introduce goods under the temporary importation customs regime, deferring (avoiding) the payment of import duties or the General Import Tax (known as IGI in Spanish acronym), and where appropriate, antidumping and countervailing duties. The purpose of these benefits is to create an attractive regulatory framework for the export-oriented manufacturing industry; in other words, IMMEX companies can carry out manufacturing activities with temporarily imported goods in a low tax or tariff environment, but upon the condition that the imported goods are exported after submitted to production or some service.

Many foreign investors benefit from the IMMEX Program because it allows, for instance, to manufacture or repair products in Mexico preserving the company’s cash-flow and using excellent and low-cost labor.

The Ministry of Economy and the Ministry of Treasury have joint responsibility for issuing the IMMEX authorization. However, the Ministry of Economy is the authority in charge of issuing the IMMEX authorization or certificate to a company (hereon referred to as “IMMEX company”), while the Ministry of Treasury has to approve the company prior said authorization is issued. Besides, an IMMEX company may access extra tax benefits such as the VAT/IEPS Certification issued by the Mexican IRS (known as SAT, in Spanish). For more information on the VAT/IEPS Certification, see Section 4.2.1. 

IMMEX Options

Depending on the planned operations or activity, a company may apply for the following five IMMEX options:

IMMEX IndustrialThe Industrial IMMEX is the most common type of IMMEX option, and it is granted to a company that uses imported materials and carries out an industrial manufacturing process or transforms goods for export.
IMMEX Holding CompanyThis modality is like the industrial modality, but it is for an industrial group that carries out the industrial process. The IMMEX program is granted to a  certified company, called the “holding company”, and one or more companies that are integrated into the manufacturing operation and controlled by the holding company. 
  IMMEX Services  This modality is for a company that performs services for the process of producing goods for export or carries out export services.
IMMEX  Accommodation (or Shelter)This modality is for Mexican firms that offer maquila (or tolling) services to foreign companies, while the foreign companies will provide the technology and inputs without operating its own IMMEX company. In other words, the IMMEX Shelter company will import the technology, raw materials, and components supplied by the foreign company and will carry out the industrial activities according to a contract; the finished or semi-processed products are exported to the foreign company.
IMMEX TertiaryThis modality consists of a certified IMMEX company, that due to lack of appropriate infrastructure, carries out a manufacturing process through third parties registered under its IMMEX Program.
More information Trade Policy Review Mexico (2017)

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Doing Business in Mexico, English

Taxation in Mexico: A Guide

24 Aug , 2020  

Taxation in Mexico, income tax law, corporate tax rate, withholding tax, vat, tax rates, mexican lawyers, mexican accountants, Mexico City, Guadalajara

Our sixth chapter of Doing Business in Mexico, Taxation in Mexico, will provide a general overview of the main Mexican taxes focused on foreign individuals and/or legal entities, including rules on permanent establishment, tax withholding, among other tax obligations.

This chapter includes the following sections:

  1. Overview: Main Taxes in Mexico
  2. Residents and non-residents in Mexico for tax purposes
    1. Tax Residents in Mexico
    2. Non-Tax Residents in Mexico
  3. Income Tax in Mexico
    1. Individuals and the Income Tax
    2. Companies and the Income Tax
      1. Tax incentives
        1. IMMEX
        2. Tax Incentives for the Northern Border Region
    3. Foreign Residents Earning Income from Mexican Sources of Wealth
  4. Value-Added Tax in Mexico
    1. VAT and Exported Goods and Services
    2. VAT and Imported Goods and Services
    3. VAT refunds
  5. Obligations of Foreign Shareholders in Mexican Companies to Register in the Federal Taxpayer Registry
  6. Tax Treaty

Taxation in Mexico

As noted in Chapter 1 – Why Invest in Mexico? Mexico is a Federation made up of 32 States, and each State, in turn, is made up of municipalities. The Mexican constitution establishes the jurisdiction for each level of government and, thus, different taxes apply. Federal taxes are the primary level of taxation in Mexico, while States and municipal (local) taxes are more limited. Needless to say, States and municipalities, to a great extent, receive budget allocations from federal taxes that are collected within their borders.

The Tax Administration Service (SAT, acronym in Spanish) is the relevant government body or agency in charge of collecting federal taxes as well as surveilling compliance.

At a local level, States and Municipalities have their own treasuries that enforce their local Tax Law. However, the Federal government and a State government may enter into tax coordination agreements, whereby the State is entitled to audit and collect federal taxes.

Overview: Main Taxes in Mexico

The main federal and local taxes in Mexico are the following:

 Federal taxes

  1. Income Tax (ISR, acronym in Spanish): The corporate income tax rate is 30%, individuals are subject to income tax rates ranging from 1.92% to 35%.
  2. Value Added Tax (IVA, acronym in Spanish): The standard rate is 16%, and 0% rate is applicable in certain activities.
  3. Tariffs or Import duties (See Chapter 3 – International Trade Policy)
  4. Special Tax on Production and Services (IEPS, acronym in Spanish): The tax may be expressed as a percentage, ranging from 3% to 160%, specific, or a compound tax.
  5. Social Security: An employer is subject to social security taxes that can represent between 25% and 30% of the employee’s salary.

 Local taxes

  1. Taxes on Real-Estate or Land: The States have in place a Property Acquisition Tax. The buyer of a house, land, building, apartment, or any type of real-estate property is responsible for paying said tax. The applicable tax may vary from State to State, but the average is a 2% rate. However, the Property Acquisition Tax may reach 6.5% on the sale price in some states.
  2. Payroll Tax: States have in place the Payroll Tax on wages and other expenditures that derives from an employment relationship. The tax rate may vary from State to State, but such tax normally amounts to 2% and 3% on the wage paid.

Taxation in Mexico For Residents and Non-residents.

Foreigners are individuals or entities that are normally subject to the tax law legislation of another country for reasons such as nationality, address, place of residence, or business, among other criteria. Mexican Tax Law, however, establishes a set of rules whereby a foreign individual or entity is considered as a resident –for tax purposes– in Mexico (hereon referred to as “tax resident”).

Residents in Mexico

The individuals, whether Mexicans or foreigners, that have their home in Mexico are tax residents. Furthermore, an individual without a home can still be a tax resident when, for instance, his or her “place of professional activities” is located in Mexico or more than 50% of his or her annual income comes from Mexico.

As for legal entities, a company incorporated in Mexico is a tax resident. Foreign entities are tax residents when their main place of business or corporate address is in Mexico.

Non-residents in Mexico

Individuals or legal entities that are non-residents may, under certain circumstances, be subject to Mexican taxes. For instance, a foreign individual or entity is subject to Mexican taxes when he or she has a “permanent establishment” in Mexico or obtains income from any source of wealth located in Mexico. A permanent establishment, in general terms, is any business place where activities are partially or totally developed or where independent personal services are offered. The law lists examples of permanent establishments in Mexico, including the following:

  1. Branches;
  2. Agencies;
  3. Offices;
  4. Factories;
  5. Installations;
  6. Mines; and
  7. Any place where exploration, extraction or exploitation of natural resources activities are carried out;

We highlight that the previous list is non-exhaustive. A foreign resident may, nevertheless, establish a permanent establishment when it has a representative or non-independent agent in Mexico.

Income Tax in Mexico

Depending on the “tax-residency” status, the income tax may apply to all the income or the income attributable to the permanent establishment or source of wealth as follows:

  1. Residents in Mexico’s income is subject to the income tax in its entirety, regardless of its origin or source.
  2. If a non-resident has a permanent establishment in Mexico, the income attributable to the permanent establishment is subject to the income tax.
  3. If a non-resident has a source of wealth in Mexico, the income attributable to the source of wealth is subject to the income tax. In Section 6.3.3, we will discuss this aspect in greater detail.

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News

Webinar – Nota Informativa del SAT sobre el pago retroactivo de derechos para Empresas Certificadas

10 Aug , 2020  

Pago retroactivo de derechos del Registro en el Esquema de Certificación de Empresas, SAT, Nota Informativa, Resumen, IVA, Operador Económico Autorizado, Socio Comercial Certificado, Beneficios de Inscripción, abogados de comercio exterior, Eduardo Zepeda, Eduardo Gonzalez, VTZ

Webinar: Pago Retroactivo de Derechos

Nuestros socios, Eduardo Zepeda y Eduardo González, participaron en un webinar en donde realizaron un análisis sobre la nota informativa emitida por el Servicio de Administración Tributaria donde define los lineamientos para el pago retroactivo de Derechos para aquellas empresas que obtuvieron su registro en el Esquema de Certificación de Empresas.

Comentarios de Eduardo Zepeda sobre el Cobro Retroactivo de Derechos

Eduardo Zepeda, Abogado Comercio Exterior, IMMEX, Index,

“Este evento que nosotros consideramos importante platicar con nuestros clientes y amigos lo más rápido posible porque el miércoles de la semana pasada por ahí nos sorprendieron con una informativa emitida por el SAT, la cual está intentando cobrar  manera retroactiva el derecho por el registro en el esquema de certificación de IVA/IEPS; esto es lamentable y preocupante porque cómo lo vamos a ver en el transcurso de la presentación, la verdad es que nada de las pretensiones de la autoridad tienen una debida fundamentación y motivación; simple y sencillamente emitieron esa nota informativa donde se exige el pago, y obviamente, aunque no lo dicen, so pena de no renovar las posibles certificaciones IVA/IEPS, o no autorizar las que estén en trámite.

 

Primero, un resumen de lo que establece esta nota informativa que advierte que todas aquellas empresas con certificación o estás en el registro de empresas registradas a la modalidad de comercializadoras e importadoras, operador económico autorizado (OEA), socio comerciales certificados, deben de pagar, por lo menos desde el 2015 si es que desde entonces vienen certificadas, unos derechos que en su momento se nos dejó muy claro que la certificación de IVA/IEPS al menos era una certificación gratuita. Nos hacen cálculos alegres  en donde nos dicen que debemos de pagar esos derechos con actualizaciones y recargos, pero nos ganan un gran regalo: no nos van a cobrar. Ahora esto es además del pago de los derechos por inscripción y la anualidad que haya transcurrido entre el período de vigencia entre cada certificación.”

Para más información, consulta nuestro video:

Video del Webinar: Pago Retroactivo de Derechos del Registro en el Esquema de Certificación de Empresas

 

Presentación VTZ: Pago Retroactivo de Derechos del Registro en el Esquema de Certificación de Empresas

El pago retroactivo de derechos del registro en el esquema de certificacion de empresas de Vázquez Tercero & Zepeda

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PANELES INDEX: LOS RETOS DEL CAPÍTULO LABORAL TMEC PARA LA INDUSTRIA MAQUILADORA

22 Jun , 2020  

La industria maquiladora con TMEC, cumplimiento de las obligaciones laborales colectivas, empresas IMMEX nuevas obligaciones TMEC, contractos colectivos TMEC

El Capítulo Laboral y Los Retos para la Industria Maquiladora

Al acercarse la fecha de entrada de vigor del TMEC, el 1 de julio de 2020, el cumplimiento de las obligaciones laborales colectivas se torna cada vez más relevante. El incumplimiento de obligaciones laborales puede traer implicaciones de comercio exterior no solamente para la empresa que exporta un producto a EE. UU., sino también puede afectar, por ejemplo, a los bienes (y servicios) de una empresa proveedora de una IMMEX.

Por ello, la Asociación de Industrias Maquiladoras de Nuevo Laredo (Index Nuevo Laredo), Occidente (Index Occidente) y Chihuahua (Index Chihuahua) organiza un panel dirigido especialmente a la industria maquiladora sobre los retos del Capítulo Laboral y de Comercio Exterior del TMEC. El Panel estará integrado por Adrián Vázquez, socio director de VTZ, Emilio Arteaga, socio local de VTZ, y los asesores de VTZ, Diana Arley y Rafael Alday. También participará Olga Torres de Torres Law, firma americana especializada en temas de comercio internacional y tratados, y Gabriela Peregrina de Deforest abogados, firma especializada en temas laborales.

 

  • Panel Index Nuevo Laredo: Viernes 26 de junio a las 9:00 horas, registro a través de la siguiente dirección: capacitacion@indexnld.org.mx.

La industria maquiladora con TMEC, cumplimiento de las obligaciones laborales colectivas, empresas IMMEX nuevas obligaciones TMEC, contractos colectivos TMEC

 

La industria maquiladora con TMEC, cumplimiento de las obligaciones laborales colectivas, empresas IMMEX nuevas obligaciones TMEC, contractos colectivos TMEC

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Reporte COVID en México – THE TRADING ROOM (Newsletter sobre Comercio Exterior)

24 Apr , 2020  

The Trading Room: Reporte COVID en México & Update: Medidas de Alivio

Descarga nuestro newsletter en PDF en el siguiente vínculo: Trading Room -24042020

¿Cambios a las actividades esenciales en México?

1. Antecedentes de “Actividades Esenciales”

El 19 marzo, la Cybersecurity and Infrastructure Security Agency (CISA)  identificó en sus directrices (no obligatorias) 16 sectores considerados como “esenciales” para los EEUU. Las directrices incluyen el sector manufacturero correspondiente al sector primario siderúrgico (e.g. molinos de acero, aluminio, minerales no ferrosos), maquinaria (e.g. motores y turbinas, equipos de transmisión de potencia, equipos de agricultura, minería, construcción), eléctrico (e.g. motores eléctricos, transformadores, generadores) y equipo de transporte (e.g. buques, aeroespacial, ferroviario).

 

Por su parte, México emitió un Acuerdo el 31 de marzo (“Acuerdo COVID”) en donde se ordena la suspensión inmediata de actividades no esenciales hasta el 30 de abril y señaló como actividades esenciales, entre otras, aquellas  relacionadas con la salud, farmacéutico, manufactura de insumos médicos y tecnologías de la salud, seguridad, sectores fundamentales de la economía (e.g. financieros, recaudación tributaria, energía y energéticos, industria de alimentos, autoservicio, producción agrícola, pesquera y pecuaria, industria química, acero etc.).

En suma, México no incluyó las actividades de manufactura como esenciales, salvo que esté relacionado con insumos y equipo médico, por lo que las fábricas y/o maquiladoras “no esenciales” detuvieron (o tendrían que detener) sus operaciones.

En consecuencia, el gobierno de EEUU, ha manifestado su preocupación sobre las cadenas de suministro, particularmente con respecto a aquellos insumos que se destinan a seguridad nacional, mientras que la Asociación Nacional de Manufactura de EEUU (NAM), desde el 15 de abril, pidió en una carta al Presidente de México ampliar y clarificar las industrias esenciales, tomando en cuenta las directrices de CISA.

2. Declaraciones del Embajador Landau

El martes 21 de abril, el Embajador de EEUU señaló en Twitter que está “haciendo todo lo que puedo para salvar las cadenas de suministro” entre México, EEUU y Canadá. Las cadenas de suministro de la región de Norteamérica se han visto interrumpidas, en parte, porque los países no han homologado la definición de lo que constituyen las “actividades esenciales”.

 

3. Respuesta del Gobierno Mexicano

Por su parte, la Secretaría de Economía emitió un comunicado vía Twitter ese mismo día señalando que está en constante comunicación con el Representante Comercial de los Estados Unidos para proteger la salud de sus conciudadanos y, al mismo tiempo, para la integración productiva de sus economías.

El Presidente de México, por su parte, en su conferencia matutina del jueves 23 de abril abordó superficialmente este problema. Él reconoció que la industria automotriz y otras industrias están completamente integradas y señaló que “en su momento se va a llegar a un acuerdo, cuando ellos [EEUU] abran. Nosotros nos hemos comprometido… a analizar estas aperturas para poco a poco ir regresando a la normalidad productiva en la frontera. Pero esto todavía no se decide…”

 4. Declaraciones de la Industria Mexicana

De acuerdo con reportes, líderes de la industria exportadora mexicana han manifestado que las empresas en EEUU podrán recurrir a proveedores locales desplazando a los mexicanos de manera definitiva y que los contratos de proveeduría están en riesgo. Luis Aguirre Lang, presidente de INDEX, señaló en El Universal que se presentarán al gobierno federal opciones para la reactivación de los centros de trabajo, todo ello, con el fin de sostener los 3 millones de empleos que genera la industria manufacturera de exportación o IMMEX.

5. Brotes en los Centros de Trabajo

Los medios de comunicación tanto de EEUU como México han reportado brotes de COVID en centros de trabajo. Por ejemplo, se reporta que en los condados de EEUU en donde se encuentran las plantas más grandes procesadoras de carnes tienen una mayor tasa de infección de COVID; se dice que existen más riesgos a la salud en la industria de alimentos que en la de manufactura. En ese sentido, podrían existir mayores riesgos de contagio de COVID en la industria de los alimentos. En México, por ejemplo, también se han reportado brotes de COVID en centros de trabajo, incluyendo maquiladoras en Baja California (reporte 22 de abril), Chihuahua (reporte de 20 de abril) y  Ciudad Juárez (reporte de 19 de abril).

6. Suspensión de actividades hasta el 30 de Mayo

El martes 21 de abril, la Secretaría de Salud modificó el “Acuerdo COVID” para extender la suspensión de actividades no esenciales hasta el 30 de mayo.  La modificación del Acuerdo COVID también obliga a las entidades federativas a instrumentar medidas de prevención y control de acuerdo con los “criterios generales” emitidos por la Secretaría de Salud y de acuerdo con la magnitud de la pandemia COVID.

Update: Medidas de Alivio

1. Banco de México

El martes 21 de abril la Junta de Gobierno del Banco de México aprobó un paquete de medidas con el objetivo de (1) promover un comportamiento ordenado de los mercados financieros, (2) fortalecer los canales de otorgamiento de crédito y (3) proveer liquidez para el sano desarrollo del sistema financiero. Destacamos la medida “provisión de recursos a instituciones bancarias [e.g. de desarrollo] para canalizar crédito a [MiPYMES] y personas físicas…”. Este programa contará con un monto de hasta 250 mil millones de pesos. Ahora bien, estas acciones buscan reducir la posibilidad que las instituciones de crédito tengan un comportamiento pro-cíclico y que los intermediarios financieros puedan continuar proveyendo financiamiento a la economía para el efecto de contrarrestar los efectos adversos del impacto del COVID sobre los mercados financieros.

 

2. Gobierno Federal

El miércoles 22 de abril, el Presidente en su conferencia detalló su “plan” para enfrentar la crisis económica, el cual fue publicado como Decreto ayer.

En esencia, se reitera la intención de continuar con proyectos y programas prioritarios, adoptar medidas de austeridad, y se rechaza la idea de solicitar deuda. No obstante, economistas han señalado que la deuda pública ha incrementado por factores como la devaluación de la moneda, el precio del petróleo y el valor de la deuda mexicana denominada en dólares.

Finalmente, el jueves 23 de abril se anunció que la Secretaría de Economía otorgará un millón de micro créditos (25,000 pesos c/u)  a pequeñas empresas familiares que estén registradas en el “Censo de Bienestar”. Cabe destacar, que dicho censo es criticado por sus tintes políticos. Los micro créditos anunciados por la Secretaría de Economía se suman a los créditos del IMSS por el mismo monto para PYMES que no han reducido su plantilla laboral, ni han reducido sus salarios. Claramente, estos programas de micro créditos son muy limitados e insuficientes para hacer frente a las consecuencias económicas del COVID que afectará a las empresas formales de todos los sectores de la economía.

Hasta el momento, la única medida de alivio en materia fiscal a nivel federal es para las personas físicas y consiste en la posibilidad de presentar la declaración anual hasta junio. A nivel estatal, las autoridades han implementado medidas de alivio para impuestos de carácter estatal.

 

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English, News

COVID in Mexico Report Update – The Trading Room

24 Apr , 2020  

The Trading Room: COVID in Mexico – Government Measures

Download our Newsletter in PDF in the following link: Trading Room -24042020

Changes to the essential activities in Mexico?

1. Background of “Essential Activities”

On March 19, the Cybersecurity and Infrastructure Security Agency (CISA) issued a non-binding guideline (guidance) considering 16 sectors considered “essential” for the US.  The guideline identifies the manufacturing sector that includes the primary metals (e.g. steel mills, aluminum, non-mineral ferrous), machinery (e.g. motors and turbines, power transmission equipment, and agricultural, mining and construction equipment), electrical (e.g. electric motors, transformers, and generators), and transportation equipment (e.g. ships, aerospace, and rail).

On March 30, Mexico issued an Agreement (“COVID Agreement”) ordering the immediate suspension of non-essential activities until April 30 and listed as essential activities, among others, those related to health, pharmaceuticals, manufacturing of supplies medical and health technologies, security, fundamental sectors of the economy (e.g. financial, tax collection, energy, food industry, retail, agricultural production, fish, and livestock, chemical industry, steel, etc.).

In sum, Mexico did not include manufacturing activities as an essential sector, except those that are related to medical supplies and equipment, so non-essential factories and/or maquiladoras are (or in theory should be) closed.

Consequently, the US government has expressed its concern about supply chains, particularly those that concern inputs used for national security. The National Manufacturing Association of the United States (NAM) submitted a letter, dated April 15, to the President of Mexico calling to expand and clarify the industries that are essential and requesting to take into account CISA guidelines.

 

2. Statements by Ambassador Landau

On Tuesday, April 21, the US Ambassador said on Twitter that he is doing everything he can to save supply chains between Mexico, the US, and Canada. The supply chains of the North American region have been interrupted, in part, because the countries have not harmonized the definition of what constitutes “essential activities”.

 

3. The response of the Mexican Government

That same day, the Ministry of Economy issued a brief statement on Twitter. The Ministry recognized that it is in constant communication with the US Trade Representative (USTR) to protect the health of their fellow citizens and, at the same time, the productive integration of their economies.

The President of Mexico, for his part, approached this problem in his conference on Thursday, April 23, albeit superficially. He acknowledged that the automotive and other industries are closely interrelated, but he also pointed out that “an agreement will be reached at the time, when [USA] will resume activities. We have made a commitment… to analyze when to resume activities so that gradually production on the border returns to normality. But this has not been decided yet…”

 

4. Statements of the Mexican Industry

According to recent reports, leaders of the Mexican manufacturing industry have stated that companies in the US will turn to local suppliers displacing Mexicans permanently and that contracts are at risk. Luis Aguirre Lang, president of INDEX, indicated to El Universal that options to resume activities at the work centers will be presented to the federal government to sustain the 3 million jobs generated by the export manufacturing industry or IMMEX.

 

5. Outbreaks in Plants

In this regard, both the US and Mexican media have reported outbreaks of COVID in the workplace. For example, it is reported that the counties where the largest meat processing plants are located have a higher rate of COVID infection; it is also reported that there are more health risks in the food industry than manufacturing, so it is also likely that there are greater risks of COVID infection in the food industry. In Mexico, for example, outbreaks of COVID have also been reported in workplaces, including maquiladoras in Baja California (report April 22), Chihuahua (report April 20), Ciudad Juarez (report April 19).

 

6. Suspension of non-essential activities until May 30

On April 21, the Ministry of Health modified the “COVID Agreement” ordering to extend the suspension of non-essential activities until May 30. The modification to the COVID Agreement also orders state authorities to enact prevention and control measures pursuant to the “general criteria” issued by the Ministry of Health and in accordance with the magnitude of the COVID epidemic.

Mexican Relief Measures

1. Central Mexican Bank Measures

On Tuesday, April 21, the Mexican Central Bank’s Governing Board approved a package of measures with the objective to (1) promoting orderly behavior in the financial markets, (2) strengthening credit-granting channels, and (3) providing liquidity for healthy development of the financial system; among other measures, we highlight the “provision of resources to [development] banking institutions to channel credit to [SMEs] and individuals… ”; this program will benefit from 250 billion pesos. These actions seek to reduce the possibility that credit institutions have pro-cyclically behavior and that financial intermediaries can continue to provide financing to the economy in order to offset the adverse effects of the impact of COVID on financial markets. This decision was well received by the business community.

 

2. Federal Government

On Wednesday, April 22, the President in his morning conference detailed his “plan” to face the economic crisis, which was published as a Decree yesterday.

In essence, the plan emphasizes to continue with projects and programs considered as a priority and to adopt austerity measures, rejecting the idea to request debt. However, economists point out that Mexico’s public debt has increased due to the peso devaluation, the value of Mexican debt set in USD, the price of oil, among other factors.

Finally, on Thursday, April 23, the Ministry of Economy announced that it will give one million micro credits (25,000 pesos each) to small family businesses that are registered in the “Census of Well-being”. This census has been criticized because it has been used for political purposes. The micro credits announced by the Ministry of Economy are in addition to the Mexican Institute Social Security (“IMSS“) credits for the same amount to those SMEs that have not reduced their workforce or wages. Clearly, these programs are very limited and insufficient to face the economic consequences of COVID that will affect companies in all sectors of the economy.

So far, the only tax relief measure at the federal level is for individuals that consist of filing the annual tax return until June. At the state level, authorities have implemented relief measures for state and local taxes as a result of COVID.

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News

IMMEX – Cadena de suministro

14 Apr , 2020  

Cadenas de Suministro, Cadenas de Valor, OEA, Operador Económico Autorizado, C-TPAT, Maquiladoras, Logística, Renovación Certificacion IVA IEPS

Seguridad en la Cadena de Suministro

Consulta nuestra versión en PDF en el siguiente link: VTZ – IMMEX y Seguridad en la Cadena de Suministro

 

La cadena de suministro es uno de los elementos clave en la logística de las empresas manufactureras, por lo que es de vital importancia garantice que sus eslabones no sean empleados como vía para cometer actos de terrorismo internacional y crímenes transfronterizos. Por lo anterior, las empresas deben certificar su cadena de suministro, lo que pueden hacer bajo los siguientes esquemas:

 

CTPAT – CUSTOMS TRADE PARTNERSHIP AGAINST TERRORISM

Es una iniciativa conjunta entre la aduana de Estados Unidos – Customs Border Protection (CBP) y el sector privado internacional, con la finalidad de construir un esquema de colaboración y responsabilidad compartida, que fortalezca la seguridad en la cadena de suministro. Cuando una entidad se une, se llega a un acuerdo para trabajar con CBP para proteger la cadena de suministro, identificar brechas de seguridad e implementar medidas de seguridad específicas y mejores prácticas. Por lo anterior, se deben abordar temas de seguridad y presentar perfiles de seguridad que enumeren los planes de acción para alinear la seguridad en toda la cadena de suministro.

OEA MÉXICO – OPERADOR ECONÓMICO AUTORIZADO

El registro en el Esquema de Certificación de Empresas, modalidad Operador Económico Autorizado (OEA) es una figura impulsada por la OMA dirigida a los diversos actores que participan directa o indirectamente en las actividades vinculadas a las operaciones de comercio exterior, a través de la implementación de estándares mínimos en materia de seguridad y los cuales buscan mitigar los actos ilícitos que vulneren la seguridad del país. Esta figura brinda la oportunidad de identificar y establecer medidas de seguridad para mitigar los riesgos internos y externos que afecten la seguridad de la cadena de suministro, además de obtener diversas facilidades administrativas aplicables a las operaciones de comercio exterior.

CTPAT, IMMEX, Cadena de Suministro, Operador Economico Autorizado, OEA, Certificación IVA IEPS, renovación certificación IVA IEPS, empresas certificadas, beneficios,
En Vázquez Tercero & Zepeda buscamos cubrir las necesidades de seguridad de nuestros clientes, por lo que ofrecemos certificar su cadena de suministro, que comprende:

  • Auditoría de diagnóstico inicial y análisis de vulnerabilidad.
  • Auditorías en materia de seguridad en la cadena de suministro, seguridad física y de instalaciones.
  • Auditorías en el mismo rubro para sus socios comerciales.
  • Capacitación.
  • Asesoría integral para que su empresa alcance las certificaciones mencionadas.

 

Hemos conformado un equipo que comprende asesores con un extenso conocimiento en la materia y, que, además, cuentan con amplia experiencia en la gestión de seguridad en cadenas de suministro.

 

Nuestra misión es clara: solucionar los asuntos legales más complejos y darle seguridad jurídica a los negocios y operaciones comerciales de las empresas, nacionales o extranjeras, operando en México.

 

Vázquez Tercero & Zepeda

Socios Bajío – Occidente – CDMX

Ricardo Salas  – 33.3667.2970  – ricardo[@]vtz.mx

Teodoro Ramírez  –  46.2140.9768 –   teodoro[@]vtz.mx

Verónica Vázquez – 55.55343636 – vero[@]vtz.mx

 

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News

IMMEX – SERVICIO DE UNIFICACIÓN DE INFORMACIÓN DE COMERCIO EXTERIOR.

7 Apr , 2020  

 UNIFICA LA INFORMACIÓN DE COMERCIO EXTERIOR EN LAS DISTINTAS DECLARACIONES O REPORTES ANUALES 2019

(Versión PDF)

 

En la práctica, es común observar que las empresas IMMEX maquiladoras declaran distinta información de comercio exterior en cada uno de los reportes, informes o declaraciones anuales que deben presentar ante las diferentes autoridades federales, situación que las expone a enfrentar auditorias por parte del SAT o de autoridades locales.

 

PROPÓSITO Y ALCANCE DE NUESTROS SERVICIOS

Revisar y determinar la información de comercio exterior de 2019 para cada uno de las declaraciones, informes y reportes siguientes:

  • Declaración anual de impuesto sobre la renta
  • Declaración informativa de empresas manufactureras, maquiladoras y de servicios de exportación (DIEMSE)
  • Reporte Anual de Operaciones de Comercio Exterior
  • Valor agregado: Verificaremos las implicaciones de este concepto en las declaraciones anteriormente referidas.
  • Reportes para INEGI.
  • Declaración de inversión extranjera
  • Otras declaraciones, informes o reportes federales, que incluyen información de comercio exterior.

Se requerirá colaboración del personal de los distintos departamentos de la empresa interesada.

ENTREGABLE

Nuestro equipo entregará un informe ejecutivo con los hallazgos resultado de nuestra revisión, así como una propuesta de las medidas correctivas, en su caso.

CONTÁCTANOS si requieres información adicional o te interesa conocer nuestros servicios:

Adrián Vazquez adrian@vtz.mx, Verónica Vazquez vero@vtz.mx, Mariana Malváez mariana@vtz.mx, Dora Luz Galindo doraluz@vtz.mx, Ricardo Salas ricardo@vtz.mx, Teodoro Ramírez teodoro@vtz.mx.

 

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English, News

Best Lawyers in Mexico – Trade and Tax

4 Dec , 2019  

The Best Lawyers in Mexico 2020, Los Mejores Abogados de México 2020, Guía Ranking de Abogados, International Trade,, Tax Law, Trade Law, Adrian B Vazquez Eduardo Zepeda Grimaldo, Recognized Lawyers,

The Best Lawyers in Mexico (2020 Edition)

This Tuesday, December 3rd, 2019, our firm was informed that the 11th Edition of The Best Lawyers in Mexico was publicly released.

Trade Lawyers

In this new edition, our partners Adrian B. Vazquez and Eduardo Zepeda Grimaldo are recognized as one of the Best Lawyers in the Trade Law practice. We note that Mr. Vázquez has received this recognition since 2008, meanwhile Mr. Zepeda since 2013.

 

Tax Lawyer

In addition, Mr. Zepeda was simultaneously recognized as a Best Lawyer in Tax Law practice. As our clients and friends know, Mr. Zepeda advises maquiladora/IMMEX companies regarding the tax implications of their customs and business operations.

The Best Lawyers in Mexico 2020, Los Mejores Abogados de México 2020, Guía Ranking de Abogados, International Trade,, Tax Law, Trade Law, Adrian B Vazquez Eduardo Zepeda Grimaldo, Recognized Lawyers,

Recognitions

We congratulate our partners for this new recognition as leading Mexican lawyers, which adds up to the additional awards received this year, for instance, Chambers and Partners and Legal 500.

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News

Reforma Fiscal 4T

12 Nov , 2019  

Index Reynosa, Conferencia sobre la Reforma Fiscal de la 4T y la Reforma Penal Fiscal

Conferencia: Reforma Fiscal 4T

Nuestro socio, Eduardo Gonzalez, participará en la conferencia que organiza Index Reynosa sobre la Reforma Fiscal 4T, el cual se celebrará el jueves 21 de noviembre de 2019 en el hotel Holiday Inn Zona Dorada de Reynosa. La reforma fiscal que aún está pendiente de su publicación en el Diario Oficial de la Federación, pero ya fue aprobada tanto por los Diputados como Senadores.

Reforma Penal Fiscal

El pasado viernes 8 de noviembre del presente año, la Reforma Penal-Fiscal se publicó en el Diario Oficial de la Federación. La ponencia de nuestro socio abordará esta importante reforma, exponiendo las implicaciones de catalogar distintas conductas consideradas como delito (por ejemplo Defraudación Fiscal y su equiparable y Contrabando y su equiparable) como delincuencia organizada.

Al respecto, compartimos una presentación previa de nuestro socio sobre el tema:

 

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