The VAT and Excise Certification was implemented in 2015. The main objective of the VAT and Excise Certification is to continue not paying VAT on temporary imports. Entities that will benefit the most are those with VAT credits granted with the IMMEX (manufacturing industry, maquiladora, and export services) programme.
The Mexican Tax Administration Service (SAT) also implemented a system for monitoring and controlling the balances of VAT credit applied within those temporary imports (known as Annex 31).
Source: internationaltaxreview.com
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