Several modifications related to Customs matters Tax and Legal Services February 11, 2015 • The Tax Administration Authority (SAT) issues the Seventh Resolution of the MFTR, in relation to benefits obtained when having the Value Added Tax (VAT) and Excise Tax (ET) Certification on the time extension for accesing the Sectorial Importer’s Registry for textiles. • Annex 4 for estimated prices is amended In brief The Mexican Ministry of Finance (SAT) issued the Seventh Resolution of the Mexican Foreign Trade Rules (MFTR), which cover the benefit of obtaining the immediate subscription to the Sectorial Importer’s Registry of Sectors 10 and 11 (footwear, Textiles and Clothing), when the Value Added Tax (VAT) and Excise Tax (ET) Certification is granted to entities, under any modality (A, AA, AAA), by enclosing the corresponding authorization in the request. Additionally, the seventh resolution of the MFTR states that the obligation to have the Sectorial Importer’s Registry for Textiles and Clothing will be in effect as from March 2015, together with the corresponding obligations. On the other hand, Annex 4 of the Estimated Prices List was amended. In detail On January 30, 2015, the Seventh Resolution of the MFTR was published. In such resolution , the Authority grants the benefit of obtaining immediately the Sectorial Importer’s Registry for sectors 10 (footwear) and 11 (Textiles and Clothing), to those entities that have the VAT and ET Certification under any modality (A, AA and AAA). Companies that want to obtain this benefit, must file the request enclosing the corresponding Authorization of the VAT and ET Certification and it will not be necessary to fulfill the remaining requirements set on Section B of the request. Additionally, the Sectorial Importer’s Registry for Textiles and Clothing will be in effect as from March 2015, together with the corresponding obligations, and not on February 1st as it was previously determined. www.pwc.com/mx On the other hand, Annex 4 of the Estimated Prices List published last December 29, 2014, was amended. If you require further information, do not hesitate to contact our Foreign Trade specialists, or visit our website: WMS Customs, International Trade & VAT, which contains material of interest associated with various tax topics. Contact information For further information, please contact: Mauricio Hurtado Tax and Legal Services Lead Partner for PwC Mexico [email protected] (55) 5263 6045 Hector Herrera Foreign Trade Partner Marco Antonio Reyes Foreign Trade Partner [email protected] (55) 5263 6110 [email protected] 01 (33) 3648 1041 Ivan Jaso Foreign Trade Partner Oscar Manuel Garza Foreign Trade Partner [email protected] (55) 5263 8535 [email protected] 01 (81) 8152 2055 www.pwc.com/mx/impuestos-servicioslegales The contents of this document are for informative purposes only and are in no case intended as professional advice or as an aid in decision-making. In any case, the tax and legal provisions should be consulted, as well as a qualified professional. © 2015 PwC. All rights reserved. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details. PwC Página 2