VAT and IEPS Certification for Companies
We are pleased to share with you a summary of one of the most important changes to the General Rules of Foreign Trade for 2024 published by the SAT, concerning IMMEX Companies with VAT and IEPS Certification (RECE). This update may directly impact your foreign trade operations, so we recommend staying informed about the change detailed below:
VAT and IEPS Certification for Companies
This certification is essential for companies that carry out temporary imports under programs such as IMMEX, as it allows them to benefit from the deferment or exemption of these taxes.
Key requirements for obtaining or renewing this certification include:
- Certification Application: Companies must submit their application using form 153/LA, contained in Annex 2 of the RGCE.
- Operational Requirements: Companies must demonstrate that they have personnel registered with the IMSS and comply with their tax and labor obligations, including the payment of social security contributions and income tax (ISR) for their workers.
- Temporary Inventory Control: This is one of the most important aspects, as, in accordance with Article 59, Section I of the Customs Law, companies must maintain strict inventory control. This control must record, in real-time, the movement of goods from their entry into the country under a temporary import regime until their return or change of regime.
Electronic Inventory Control Requirements
The provisions of Section C of Annex 24 of the RGCE state that this inventory control must receive, electronically and within 48 hours, the information outlined in Section A of this Annex, which must be electronically obtained from the corporate system (ERP), while the remaining information must be submitted no later than at the time of payment of the corresponding customs declaration.
Transition Period for Adapting to Electronic Control
Transitory Article Four: It establishes a one-month transition period for companies to adapt their electronic inventory control systems in accordance with the newly issued regulations. During this period, companies may adjust their systems and processes to comply with the new electronic inventory requirements without being subject to penalties, provided they demonstrate continuous effort in implementing the necessary measures.
Online Access and Inspection Requirements
Additionally, companies are required to provide the authority with online access. To do this, within a one-month period, they must submit a written notice to AGACE, providing the username and password to enable access.
Additional Obligations: Companies must allow AGACE personnel access for inspections and comply with the required security standards in each case.
Compliance and Potential Penalties
Failure to meet these requirements may result in the cancellation of the registration, as established in Rule 7.2.4 of the RGCE. It is essential that companies carefully review the conditions of their certification to ensure compliance with the new regulations.
Furthermore, new provisions are included for companies operating under the IMMEX modality and seeking to obtain Authorized Economic Operator (OEA) status. These companies must meet additional security requirements, as established in Rule 7.1.5 and the Security Profile contained in Annex 1.
2024 Compliance Updates and Consultation Invitation
These modifications come into effect for the year 2024, and it is essential that your company reviews and updates its procedures in line with the new regulations. We invite you to contact our specialists for any questions or consultations regarding the updates mentioned.
Do not hesitate to schedule a consultation with us for a personalized review of your foreign trade operations!
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