Doing Business

Doing Business in Mexico 2015

Issue link:

Contents of this Issue


Page 75 of 259

62 Tax and Legal Services - PwC Mexico Import restrictions The Mexican government has continued its policy of progressive reduction of trade barriers to imports. Prior import licenses from the Ministry of Economy (SE) are required only for less than 1% of items or classifications in the customs tariff. Special requirements currently apply for importing products into Mexico in respect of health, ecology, quality, and consumer protection issues. These requirements have different specific formalities to comply with, depending on the product to be imported, and are usually identified by the subheadings included in the Harmonized Tariff System for Merchandise Classification and Codification. The special requirements are administered by government ministries such as the Ministry of Economy, the Ministry of Health (MH), the Ministry of Defense (SEDENA), the Ministry of the Environment, Natural Resources and Fisheries (SEMARNAP), and the Ministry of Agriculture and Livestock (SAGARPA). The importation of drug products or substances containing illegal drugs (acetylmorphine, pseudoephedrine, coca leaf, corn poppy, cannabis indica, etc.) is definitely banned. Import duties Customs duties Tariff Classification Since the late 1980's Mexico adopted the Harmonized Tariff System (HTS) for Merchandise Classification and Codification, making its import/export classification system compatible with those of most countries with which it commonly trades. The current General Import and Export Tariff Law has been in place since 2007 with some tariff code reclassifications and a general reduction in the duties. Customs Law Customs Law in effect as from 1996, was designed to provide legal certainty, promote investment and exports and to comply with the international commitments undertaken by Mexico. This law incorporates a number of tax rules and operational authorizations on specific international operations. Customs Valuation The customs valuation of merchandise to determine its taxable base is generally the transaction value of the goods, which is the value actually paid for the goods. In this sense, Mexico has adopted the valuation agreement approved by the WTO. Consequently, if a financial, commercial or other type of relationship exists between the foreign supplier and the Mexican importer (related parties), free competitive conditions must be satisfied.

Articles in this issue

view archives of Doing Business - Doing Business in Mexico 2015