On June 4, the Ministry of Economy (SE), the Tax Administration Service (SAT), and the National Customs Agency of Mexico (ANAM) announced the elimination of the review and approval requirement for various notices submitted through Mexico’s Foreign Trade Portal (VUCEM).

Under this measure, these notices will become self-managed filings and will no longer require an express resolution from the authorities. This change is expected to streamline filing procedures, reduce processing times, and lessen administrative burdens for companies engaged in foreign trade operations.

However, this simplification does not exempt companies from complying with applicable foreign trade regulations. The authorities will continue to exercise their review, verification, and audit powers, making it essential for companies to maintain adequate documentation supporting regulatory compliance.

Exceptions

For the time being, this measure will not apply to the following procedures:

• Automatic Import Notices for Steel Products.
• Automatic Export Notices for Fresh Tomatoes.
• Certain notice modalities related to gaming and lottery machines.
• Registration of new plant, warehouse, or storage facility addresses under IMMEX and PROSEC Programs.

The elimination of the review and approval requirement represents an important step toward the simplification and digitalization of foreign trade procedures in Mexico. Nevertheless, companies should continue strengthening their internal controls and foreign trade records to demonstrate compliance in the event of an audit or review by the authorities.

J.A. DEL RÍO offers a wide array of specialized consulting services to assist you with these and other matters, in order to ensure that your project complies with the applicable characteristics  contained in this agreement.

If you have any questions, J.A. DEL RÍO can provide you with our experts to advise in matters concerning compliance with your legal and tax obligations. Once again, please let us know if we may be of any further assistance to you at: contacto@jadelrio.com