Mexico: Customs and tax incentives regime

Mexico: Customs and tax incentives regime

A decree published on 4 February 2016 in the official gazette provides information about customs and tax incentives available for importers that obtain authorization under an incentive regime.

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The decree—Decreto para el fomento del recinto fiscalizado estratégico y del régimen de recinto fiscalizado estratégico—applies beginning 5 February 2016, and effectively represents a re-launch of certain incentives that were made available under bonded warehouse rules provided in 2006. 

Among the incentives are measures concerning favorable terms for:

  • Payment of the customs processing fee
  • The value added tax (VAT) and the special tax on production and services (impuesto especial sobre producción y servicios—IEPS)

The incentive regime allows for importers to make corrections concerning the origin of goods within three months of the customs clearance, without first having to obtain authorization from the tax authority (Servicio de Administración Tributaria—SAT), provided that certain criteria are satisfied. 

There are elections being made available for transfers of eligible goods by IMMEX companies (maquiladoras).

 

Read a February 2016 report (Spanish) [PDF 76 KB] and (English) [PDF 76 KB] prepared by the KPMG member firm in Mexico: Decreto para el fomento del recinto fiscalizado estratégico y de su régimen 

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