In recent years, we have seen a significant increase in Custom Audits by both Federal and State Tax Authorities, mainly to companies with foreign investment. We have seen Maquiladoras/IMMEX that were audited and received tax assessments in high amounts, including one for USD 70 million and one for USD 172 million dollars. What is the reason for these outstanding amounts and how can Maquiladora/IMMEX companies prevent these tax contingencies derived from these foreign trade audits?
In this Quick Chat video, our Trade and Customs lawyers discuss what to expect from a customs audits, the consequences including financial liability and the preventive measures Mexican companies must take.
**Click on the image below to watch the video chat**