Manage your IMMEX challenges
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The document discusses challenges that US companies face with Mexico's IMMEX import regulations and provides solutions. Key changes to the IMMEX program include eliminating VAT exemptions, increasing VAT from 11% to 16%, requiring VAT payment at import, and providing a 100% VAT tax credit for certified companies. Companies must demonstrate proper management of their IMMEX program to Mexican authorities, but many lack expertise, procedures, or technology to do so. Partnering with a customs broker with expertise in Mexico can help companies overcome these challenges and establish themselves in the IMMEX program.
Manage your IMMEX challenges
- 1. HOW TO OVERCOME THE CHALLENGES OF IMMEX IMPORT REGULATIONS
- 2. More than 6,000 companiesoperate underthe IMMEX regimein Mexico.
- 3. Many companieshave not certifiedtheir IMMEX processes with Mexican authorities. Is yours one of them?
- 4. Mexicointroducedthe followingchangestotheIMMEX programin 2014: 1. Eliminated the value-added tax (VAT) exemption for temporary imports of goods. 2. Increased VAT from 11% to 16%.
- 5. Mexicointroducedthe followingchangestotheIMMEX programin 2014: 3. Implemented VAT payment at the time of import. 4. Allowed an off-set when the Maquiladora exports the finished goods from Mexico.
- 6. Mexicointroducedthe followingchangestotheIMMEX programin 2014: 5. Instituted a 100% VAT tax credit from Mexican government provided at import if the Maquiladora obtains certification through the Mexican tax authority.
- 9. IMMEX is one ofMexico's mostimportant customs programs and is governedby a host of laws.
- 10. Laws and recent regulation changes add complexityto howAmerican companies temporarily import into Mexico.
- 12. VAT must be paid at import,meaning companies are out moneywhile goods are in Mexico.
- 13. Failingto get the tax moneyback can have a substantial impact on a company’s bottom line.
- 15. Companiesmust demonstrate the management oftheir IMMEX program in a way that satisfies Mexican authorities.
- 16. Manycompanieslackone ormore of thefollowing: 1. In-house expertise 2. Procedures 3. Technology
- 17. Partner with a customs broker that is on the ground in Mexico and along the Southern border of the United States. tip
- 18. Overcomethese IMMEXchallenges… Download PDF To learn solutions to the challenges IMMEX regulations present for your business, download our PDF.
- 19. Establishor maintainyourstanding in theIMMEX program… canhelp withthat. Contact Livingston
Editor's Notes
- #11: Photo: 12612537