Mexico:
IMMEX Highlights –REMINDER Of Deadline For Filing The Annual Operations Report
21 April 2021
Foley & Lardner
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As previously mentioned in our February 15, 2021 insight, IMMEX companies in
Mexico are required to electronically submit before the Mexican
Ministry of Economy, an Annual Operations Report informing of their
total amount of sales and exportations for the immediately
preceding tax year (in Mexico fiscal years run from January to
December), no later than the last business day of May.
We strongly invite our clients with IMMEX premises in Mexico to
comply with such a requirement. Failure to comply with the filing
of the Annual Operations Report will lead to the suspension of the
benefits of the IMMEX Program. IMMEX companies are allowed to file
the Report on an extemporary basis no later than the last business
day of August, so the IMMEX Program is not definitively cancelled
which will imply permanently losing its benefits.
It should be noted that for those IMMEX companiesthat also are authorized under
the PROSEC program by the Mexican government,
the deadline to file their Annual Operations Report is the last
business day of April rather than the last business day of
May. The aforementioned, since the deadline for PROSEC
companies to file said report is in April.
PROGRAM(S)
|
DEADLINE
|
IMMEX |
May 31, 2021 |
PROSEC |
April 30, 2021 |
IMMEX + PROSEC |
April 30, 2021 |
Please read our February 15, 2021 insight to learn more
about the Annual Operations Report and the export sales threshold
compliance with respect to the 2020 fiscal year.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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