© 2012 Galaz, Yamazaki, Ruiz Urquiza, S.C. WMTA Breakfast meeting June 2012 Tax Bulletin Current News

2011 Tax audit report Financial Statements Due Date

© 2012 Galaz, Yamazaki, Ruiz Urquiza, S.C. 3 Tax Bulletin Current News 2011 tax audit report The Tax Administration Service (SAT) announced that there will be no extension of the deadline for the filing of the tax audit report. Since December 22, 2011, SAT made available to taxpayers and registered public accountants Sipred (Auditors report software) in order that they could comply with the obligation for the fiscal year The opinion of financial statements for the fiscal year 2011 shall be submitted, no later than June 30. For holding companies that consolidate their fiscal results, the due date is July 15.

Flat Tax Benefit

© 2012 Galaz, Yamazaki, Ruiz Urquiza, S.C. 5 Tax Bulletin Current News Keeping in mind the requirements for the 2012 Flat Tax Benefit Maquiladoras must comply with additional requirements to be able to apply the benefit, such as: Filing the monthly and annual tax returns on the terms and conditions provided by tax regulations. Also filing the DIOT monthly informative return and DIEMSE informative return for Maquiladoras. Not owing any tax liability, final or not. Submitting in time the auditors report for tax purposes or the optional information.

© 2012 Galaz, Yamazaki, Ruiz Urquiza, S.C. 6 Tax Bulletin Current News Keeping in mind the requirements for the 2012 Flat Tax Benefit Having an active taxpayers registry (RFC), so to speak, not being a dormant company or being a company in liquidation. That the information rendered to the tax authorities through the RFC is not fake or inexistent, and that notices of tax domicile changes, new branches or establishments are dully filed. Complying with IMMEX regulations and having supporting documentation of the customs operations.

© 2012 Galaz, Yamazaki, Ruiz Urquiza, S.C. 7 Tax Bulletin Current News Keeping in mind the requirements for the 2012 Flat Tax Benefit Complying with the requests of information or documentation by tax authorities, regarding the maquiladora operations in relation to its tax or customs obligations. That the name or tax domicile of the supplier, producer, addressee, or buyer, resident abroad, specified at the pedimento or invoice is not fake or inexistent.

Additional Fiscal Requirements on Invoices

© 2012 Galaz, Yamazaki, Ruiz Urquiza, S.C. 9 Tax Bulletin Current News Additional Fiscal Requirements on Invoices Among the amendments and additional regulations to fiscal requirements on invoices, published on June 7, 2012, are: State in the invoice whether the invoice will be paid in cash, credit or debit card, transfer or else, if transfer the last four digits of the account Taxpayers that import goods through cable or pipe, could issue the CFDI without mentioning the import declaration data. Possibility to deduct expenses / credit taxes with bank account statements if the value of the transaction is equal or less to Ps$50,000. Regarding commissions, the agent could issue a CFDI on behalf of its principal. The possibility of simultaneously issue CFD and CFDI.

© 2012 Galaz, Yamazaki, Ruiz Urquiza, S.C. Deloitte se refiere a Deloitte Touche Tohmatsu Limited, sociedad privada de responsabilidad limitada en el Reino Unido, y a su red de firmas miembro, cada una de ellas como una entidad legal única e independiente. Conozca en la descripción detallada de la estructura legal de Deloitte Touche Tohmatsu Limited y sus firmas miembro. Deloitte presta servicios profesionales de auditoría, impuestos, consultoría y asesoría financiera, a clientes públicos y privados de diversas industrias. Con una red global de firmas miembro en más de 150 países, Deloitte brinda capacidades de clase mundial y servicio de alta calidad a sus clientes, aportando la experiencia necesaria para hacer frente a los retos más complejos de los negocios. Los aproximadamente 182,000 profesionales de la firma están comprometidos con la visión de ser el modelo de excelencia. Tal y como se usa en este documento, Deloitte significa Galaz, Yamazaki, Ruiz Urquiza, S.C., la cual tiene el derecho legal exclusivo de involucrarse en, y limita sus negocios a, la prestación de servicios de auditoría, consultoría fiscal, asesoría financiera y otros servicios profesionales en México, bajo el nombre de Deloitte. Esta publicación sólo contiene información general y ni Deloitte Touche Tohmatsu Limited, ni sus firmas miembro, ni ninguna de sus respectivas afiliadas (en conjunto la Red Deloitte), presta asesoría o servicios por medio de esta publicación. Antes de tomar cualquier decisión o medida que pueda afectar sus finanzas o negocio, debe consultar a un asesor profesional calificado. Ninguna entidad de la Red Deloitte, será responsable de pérdidas que pudiera sufrir cualquier persona o entidad que consulte esta publicación. Héctor Silva Tax Partner