We would like to ensure that you are still receiving content that you find useful – please confirm that you would like to continue to receive ILO newsletters.
15 January 2021
The Tax Administration Service recently published the Third Resolution of Modifications to the Foreign Trade General Rules (FTGR) 2020. The key changes in this respect are as follows.
Companies can be suspended from the importer registries if they carry out transactions with third parties (individuals or legal entities) included in the definitive list of companies that invoice non-existing operations, in terms of Article 69-B of the Federal Tax Code, without having evidenced the materiality of said operations or correcting their tax situation.
In order to request a rectification of the information declared on a pedimento form, the requesting company must:
The term 'commercial information number' (NICO) is included in the applicable dispositions of the FTGR 2020, as well as in the corresponding tariff items.
The procedure to cancel the suspension of the electronic customs system, derived from the incorrect declaration of a NICO, in terms of Article 184-C of the Customs Law, has been included.
The amounts of the fines to be paid in accordance with the Customs Law have been updated for 2021.
For further information on this topic please contact Edmundo Elías-Fernández at Ramos, Ripoll & Schuster by telephone (+52 55 1518 0445) or email (email@example.com). The Ramos, Ripoll & Schuster website can be accessed at www.rrs.com.mx.
The materials contained on this website are for general information purposes only and are subject to the disclaimer.
ILO is a premium online legal update service for major companies and law firms worldwide. In-house corporate counsel and other users of legal services, as well as law firm partners, qualify for a free subscription.