International Tax

Mexico's tax reform package and its impact to the maquiladora industry

Hosted by International Tax Services

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Mexico’s proposed tax reform, first presented by President Enrique Peña Nieto on 8 September, has been approved by the two houses and is about to be finalized and signed into law.

The changes included in the final reform package likely have a significant tax impact on all multinationals operating in Mexico’s maquiladora industry.

EY is dedicated to keeping you informed of the changes. During this webcast, we will cover highlights of the final proposal as they relate to the maquiladora industry – changes to applicability of the PE exemption rules, changes to transfer pricing rules, and changes to VAT rules as applicable to the maquiladora industry. Also, we will address the recently announced Rules and Presidential Decree provisions that impact the maquiladora industry that were announced recently by The National Maquila Association (INDEX).

Join our panel of EY tax professionals and our special guest from INDEX for an interactive discussion and find out what these latest developments will mean to you and your company’s maquiladora operations. During this live, interactive webcast, you will have the opportunity to ask questions through the website and the panelists will answer as many of your questions as time permits.

This program will be of interest to vice presidents/directors of tax/international tax/transfer pricing/customs/global trade, directors of finance, CFOs, international tax managers and tax accountants looking for the latest practical information and guidance on the Mexican tax environment. We hope you will be able to join us.

Panelists:

Oscar Mata

Director of the Tax Committee of INDEX (The National Maquila Association)

Oscar Mata is Director of the Tax Committee of INDEX (The National Maquila Association) and was Tax Director for the local Maquila Association in Juarez, Mexico. He also has expertise on tax lobbying where the tax regime applicable to Maquilas in Mexico has been successful and for which Oscar had participation in the lobbying to reach a competitive effective tax rate for the Maquila Sector in Mexico (IETU and Decrees).

Oscar is a Tax Director based in Ciudad Juarez, Mexico. He is in charge of the tax planning, compliance and tax accounting for Lear’s Mexican operations. Oscar has experience in general tax planning, particularly in the Maquila or toll manufacturing operations.

Ernesto Ocampo

Latin America Business Center, Ernst & Young LLP

Ernesto Ocampo is an Executive Director in Ernst & Young LLP’s San Diego office and has over 17 years of experience in general tax planning with a focus on structuring international manufacturing and distribution operations in Mexico.

Prior to joining EY, Ernesto served as tax manager for Mexico and Latin America for a multinational company engaged in the manufacture and distribution of electronics products and media and as a partner of the tax practice group of another professional services firm.

He received a BS with a dual major in Tax and Accounting from the Autonomous University of Baja California, Mexico.

Moderator:

Michael Becka

Latin America Business Center, Ernst & Young LLP

Michael Becka is a member of the Latin America Business Center practice within Ernst & Young LLP’s International Tax Services practice. He is based in Dallas and is a part of National Tax. Michael has more than 18 years of experience in international tax.

Michael assists US-based multinationals with their international tax planning involving foreign investments. He has worked extensively in tax effective supply chain management projects. Also, he has worked extensively with multinationals in the manufacturing sector.

Michael is Ernst & Young LLP’s contract manufacturing industry leader for Mexico tax matters, and he has extensive experience in cross-border taxation issues between the US and Latin American countries, particularly Mexico.

Michael received his Bachelor of Science from Washington University in St. Louis. He is a certified public accountant licensed to practice in Texas.