GC ALERT | The General Import and Export Duties Law (“LIGIE”) is enacted

On June 7th, 2022, the General Import and Export Tax Law (“LIGIE”) was published in the Federal Official Gazette (“DOF”). Following its enactment, the last version of the referred law which was published in 2020 will be repealed.

The LIGIE will enter into force 10 days after the Tax Administration Service (“SAT”) issues general provisions establishing that the systems involved in foreign trade operations are ready to be used in accordance with this new law. SAT is required to publish such provisions within 180 days following LIGIE’s enactment.

LIGIE’s transitory provisions also establish certain timeframes that require the Ministry of Economy (“SE”) to issue technical and legal provisions necessary for its implementation. However, new publications in this regard are still pending.

The amendments to the LIGIE resulted from the International Convention of the Seventh Amendment to the Harmonized Commodity Description and Coding System of the World Customs Organization (“WCO Harmonized System”), effective as of this year.

The new LIGIE includes adjustments to HTS codes of goods, particularly those related to innovative goods, such as multipurpose drones, nicotine supply products, solar panels, among others.

Likewise, the LIGIE provides for rates to determine the corresponding general import and export taxes, based on the classification of the merchandise.

At González Calvillo, we are prepared to provide any advice required in relation to these new provisions.

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NOTE TO EDITORS

For 35 years, Gonzalez Calvillo has been at the forefront of the legal market in Mexico as a full-service leading law firm due to its transactional core and expertise in a wide range of practice areas. The firm is recognized for its ability to build cross-disciplinary teams for the most complex legal challenges and long track record of successfully providing groundbreaking business and regulatory advice to high-profile domestic and international companies. Often described as a pioneer of the Mexican legal services industry, the firm is known for its commitment to doing things differently, bespoke solutions, and creating transformational legal changes that enable clients achieving their objectives. For more information, please visit www.gcsc.com.mx.