Taxpayers must take into account various reforms in foreign trade, in order to be able to continue with their import and export operations, since changes are expected regarding tariff fractions, as well as the Simplified Confidence Regime (RESICO).
The above was indicated by the teacher Daniela González Sánchez, strategic leader of foreign trade at Audico, who was as a guest at the virtual breakfast of partners of the Association of Public Accountants of Baja California (Ccpbc), which is chaired by the CPC Yolanda Muoz Pizaa.
The subject raised by the specialist was entitled “Foreign Trade 2022, relevant aspects”, where she spoke about reforms on issues such as the general import and export tax rate.
In that sense, he referred that Mexico must enter the Seventh Amendment in terms of foreign trade, whose deadline is June 1, 2022, since this amendment is the one that classifies merchandise.
“The Seventh Amendment consists of a structure on import and export tariffs, which in the Sixth Amendment consists of 22 sections and 7,895 tariff items, but in the new version there are changes,” he pointed out.
The teacher Daniela González mentioned that in the Seventh Amendment of Foreign Trade, 531 new tariff fractions are created, while 594 are modified and 243 are eliminated.
Likewise, he said, an agreement is established that modifies the rules for determining the country of origin of imported goods, and the provisions for their certification, for non-preferential purposes.
“Now a company that wishes to import a product subject to a countervailing duty, will have to verify the origin or provenance through a declaration of origin, in which the import/export petition must be attached and comply with the requirements of Annex 8”, scored
In this way, the declaration of origin must contain the signature of the producer or exporter, and thus, each time there is a tariff fraction that is sought to be exempted, the origin or provenance of said merchandise must be verified, especially when it is from a country with which there is no trade agreement.
Another relevant point, added the specialist, derives from the Simplified Trust Regime (Resico), since those who provide sub-maquila services cannot access this regime because they cannot meet the requirements, given the technical inconsistencies.
“The problem is that legal entities have to pay taxes according to title II, and natural persons must pay taxes according to title IV, which takes them out of the Resico, so it is expected that there will be changes and there will be an adaptation, since of what Otherwise, they will not be able to provide submaquila services to Immex companies,” he said.
For her part, the president of the Ccpbc highlighted the importance of updating on this type of issues that are vital for the dynamics of business on this border, such as foreign trade.
“As advisors we must keep up to date with changes in laws and regulations, both federal and international, so I invite you to follow our informative activities, as well as the College’s courses and workshops,” he concluded.