International Tax

Mexico tax reform: VAT certification for multinational corporations with manufacturing operations

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Beginning 1 January 2015, imports covered under a temporary regime will be taxed at the 16% general VAT rate and at the applicable rate under Excise Tax Law provisions.

However, under both VAT Law and Excise Tax Law provisions, companies that obtain a “VAT/Excise Tax Certification” may get a credit equivalent to 100% of the applicable VAT or excise tax to offset the payable tax arising on the import of goods under a temporary regime, provided that such certification is obtained prior to 1 January 2015.

During this webcast, we will cover the progressive benefits, requirements and obligations that Mexican taxpayers should observe and comply with, in order to obtain this certification, issued by the Mexican Tax Authorities on 1 January 2014.

Join our panel of EY tax professionals for an interactive discussion and find out what these latest developments will mean to you and your company’s 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:

Rocío Mejía

Partner, Mancera, S.C., EY member firm in Mexico

Rocío Mejía leads the EY Global Trade and the OME practice of Mancera S.C. in Mexico and has over 17 years of experience in both the US and Mexico.

Rocío has wide experience providing indirect tax and customs advisory services, including duty and tax analysis projects with special focus on maquiladoras. In the last six years, she has set-up successful toll manufacturing structures under the maquila model from the feasibility through the design and implementation phases.

Rocío holds a master’s degree in International Management from Baylor University (US) and a bachelor’s degree of Arts in Business Administration from Monterrey Tech (ITESM–Mexico).

José Olmedo

Partner, Mancera, S.C., EY member firm in Mexico

José Olmedo is the Indirect Tax Leader for México and Central America.

José has over 15 years of experience providing clients national and international tax advisory and planning services on direct income tax, indirect and value added tax matters. This includes many complex engagements assisting multinational corporations with strategic tax planning, international restructuring, and tax incentive implementation. José serves clients in the consumer, energy, retail and telecommunication industries.

José is a Public Accountant and a member of the Mexican Institute of Public Accountants. He is a graduate of the Instituto Tecnológico Autónomo de México with a degree in Corporate Finance.

Moderator:

Michael Becka

Partner, Ernst & Young LLP (US), Latin America Business Center, International Tax Services

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.