Mexico: Foreign trade and AEO program changes, compliance rules for maquiladoras

Mexico: Foreign trade and AEO program changes

Changes to the Authorized Economic Operator (AEO) program offer customs-related benefits for maquiladoras.

1000

Related content

One change allows tariff relief for a period of 36 months for merchandise imported temporarily into Mexico, or specifically with regard to maquiladoras, merchandise transferred to companies not operating under the IMMEX (Industria Manufacturera, Maquiladora y de Servicio de Exportación) regime.

  • Another change reflects new measures under the law on general import and export taxes (Impuestos Generales de Importación y Exportación—LIGIE) effective at the end of 2020. These eliminated certain low-volume tariff items and subheadings, modified tariff descriptions, and revised commercial identification numbers (números de identificación commercial—NICO) by adding two additional digits at the end of the tariff items (thus a fifth pair, using 10 digits, all intended to provide better statistical control of import or export transactions).
  • Regarding value added tax (VAT) certifications, companies that did not timely submit their renewal request at the end of 2020 may have had their VAT certifications canceled.
  • With regard to labor reforms, companies need to evaluate the implications of “subcontracted” personnel because for VAT certification purposes, there must be updates reflecting this information from suppliers.


Read a January 2021 report (Spanish) prepared by the KPMG member firm in Mexico

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal