Logo
  • Press Releases
    • Technology Press Release
    • Social Pluggs
    • Press Releases
    • Legal Press Release
    • Home Decor Press Release
    • Health Press Release
    • Featured Stories
    • Entertainment & Lifestyle Press Release
    • Business News
    • Blog Stories
  • News
  • Video News
  • Create Account

U.S. NAFTA Exporters Beware: No End in Sight for Taxing Mexico Audits

06/12/2013 (press release: strtrade) // Miami, Florida, USA // Nancy Cook

Frustration levels are rising among U.S. exporters as the number of North America Free Trade Agreement (NAFTA) audits by Mexico’s tax collecting agency—the Servicio de Administracion Tributaria (SAT)—continue to grow. Despite the current administration’s promises that it would change course from its predecessor by streamlining audit procedures, global traders are still facing costly and time-consuming NAFTA audits and re-audits as they attempt to interpret mixed messages from the Mexican government.

“Mexico’s SAT, recently underwent a reorganization and everyone was hoping that the NAFTA audit process would be less time-consuming and costly,” explains customs and trade attorney Elise Shibles, a partner with Sandler, Travis & Rosenberg, P.A. “Unfortunately, that doesn’t seem to be the case, especially for companies in the textile and apparel trade” she says. “NAFTA rules of origin in this industry are very complex and require review of multiple levels of processing, which usually occurs at different companies. It’s hard enough having to go through a NAFTA verification audit once, but being subjected to re-auditing when you’ve already passed with flying colors seems unduly harsh on business.”

The SAT’s policy inconsistencies are also tying many U.S. and Mexican companies up into knots, says trade expert Jorge Morales, Managing Director of STTAS de Mexico Servicios de Comercio Exterior, the Mexico City arm of leading global trade services provider Sandler & Travis Trade Advisory Services, Inc. “Despite the fact that SAT is telling us that Mexican importers can submit NAFTA documentation on behalf of U.S. exporters, only a small number of Mexican importers know about this important benefit because SAT is handling this issue only as an internal regulation that hasn’t been properly disseminated among all involved companies. The lack of uniformity is confusing for our clients,” he continues. “Without clear guidance there is no way a company can maintain compliance. You have to know what the rules are before you can be expected to follow them.”

Shibles and Morales will shed light on best practices to handle this confusing situation in a webinar entitled “Mexico NAFTA Audit Updates – Protecting Your Company: Strategy & Tactics for NAFTA Textile & Apparel Exporters to Mexico,” to be held on June 19. More information on the webinar can be found at www.strtrade.com or by emailing [email protected]



  • Diggit
  • Pinterest
  • Twitter
  • Linkedin
  • Google+
  • Facebook
  • Reddit
  • Stumble

Related posts:

Default ThumbnailTrust Miguel’s Mobile Car Wash To Bring The Best Out In Your Vehicle Default ThumbnailDoes Your Vehicle Deserve A Treat From Miguel’s Mobile Car Wash Of Anaheim? Default ThumbnailMorocco: First batch of stay documents issued to undocumented immigrants Default ThumbnailOrange County Residents Can Benefit From A Full Mobile Detailing Service
June 12, 2013   strtrade
strtrade June 12, 2013 10:00 pm
Business News, News apparel trade, audits, Exporter, global traders, government mexico, mexican government, mexico, NAFTA, nafta rules of origin, north america free trade agreement, sandler travis, taxing, trade expert
×

Categories

  • Automotive PR
  • Blog Stories
  • Business News
  • Criminal Law
  • Dallas
  • Employment Law
  • Entertainment & Lifestyle Press Release
  • Events
  • False Clam Act
  • Featured Stories
  • Google Hangouts
  • Health Press Release
  • Home Decor Press Release
  • Legal Press Release
  • News
  • Personal Injury Law
  • Press Releases
  • Press Releases
  • Restaurant & Dining
  • Rising Star
  • Social Pluggs
  • Sports
  • Technology Press Release
  • Twitter
  • Video News
  • West Palm Beach

Recent Press Releases

  • Top 5 Cycling Facts | Bestsportspoint – Matthew April 23, 2022
  • Features of N1 Casino: – GPosting April 23, 2022
  • Vital Vitamins for Mental Clarity Now Available in Australia – Chester April 23, 2022
  • Catch a Show at These Philadelphia Theaters – Ken Ashley April 23, 2022
  • Four Main Facts to Consider Before Purchasing an AC – Alfred Sawyer April 23, 2022
  • Using Blockchain for Business Crowdfunding – Mark April 23, 2022
  • Buy and Sell Bitcoin Australia – Rabbi It Firm April 23, 2022
  • Detox your body with Australian Detox supplements! – Charles April 23, 2022
  • Five Interesting Things You Need To Know About Batam – David Avelino April 23, 2022
  • Things to Consider Before Buying Bitcoins – Bentlee April 23, 2022
  • Methods For Getting Rid Of Stone Stains – April 23, 2022
  • The Importance of Self-Care for Your Health and Well-Being – Rabbi it firm April 23, 2022
  • Five Tampa FL Fishing Hot Spots: All You Need to Know – Jasper April 23, 2022
  • How to Write a Guest Post Pitch Email That Gets Replies – Henrik April 23, 2022
  • Why One Should Know Six Sigma Basics – Paloma Gonzalo April 23, 2022
  • Batam’s Local Culinary Recommendation That You Must Try – raihan April 23, 2022
  • ROSEN, Leading Investor Counsel, Encourages Rivian Automotive, Inc. Investors with Losses to Secure Counsel Before Important May 6 Deadline in Securities Class Action – April 23, 2022
  • Large List of Adjectives That Start with the Letter R MassTamilan Tv – Rocky April 23, 2022
  • How can we get the best packers and movers services online? – Thomas April 23, 2022
  • Where to Buy Etherium in Australia – John April 23, 2022

Share Buttons

  • Diggit
  • Pinterest
  • Twitter
  • Linkedin
  • Google+
  • Facebook
  • Reddit
  • Stumble

Tags

Boca Car Accident Lawyer business charity cosmetic surgery dallas dallas criminal defense lawyer digital marketing eBooks education Entertainment facebook finance florida google HVAC Contractor indoor air quality iPhone King Mohammed VI lender marketing Missguided MOROCCO mortgage Music nfm lending NFM Salute online forms Parcel2Go parcel delivery Philadelphia car accident lawyer real estate Royal Thai Army search engine optimization seo Small Business Social media Southern Surgical Arts technology Texas Texas criminal defense lawyer Thai Army Thailand The Harley Medical Group twitter Zara Tours

Old Stories

Copyright © 2022 Submit123PR | Press Release Service
Simple Share Buttons