Improvement Projects
BUSINESS IMPROVEMENT PROJECTS
VAT Optimization
We identify opportunities to reduce VAT liabilities in accordance with applicable tax laws and develop processes to prepare supporting documentation directly from your ERP system. This enables you to file VAT returns and informational reports as early as possible and, when applicable, expedite the process for claiming VAT refunds.
Express Tax Diagnostic
We conduct a five-year assessment of your tax position based on information obtained from Mexico’s Tax Administration Service (SAT). We then provide a report outlining potential tax risks, helping you proactively address issues that could lead to audit notices, tax audits, revocation of digital tax certificates, tax assessments, or bank account freezes.
Reconciliation of International Trade Transactions with Accounting Records
We develop a reconciliation process comparing import and export transactions reported in customs declarations (pedimentos) against transactions recorded in your ERP system. This helps ensure that 100% of your foreign trade operations are properly accounted for and documented, supporting compliance with requirements regarding the lawful presence of merchandise and fixed assets in Mexico, as well as the proper re-export of goods.
REPSE Vendor File Management
We identify vendors providing specialized services and establish a centralized process for maintaining their compliance files, including the monthly collection of documentation required by Mexico’s Ministry of Labor and Social Welfare (STPS). Where appropriate, we also assess the feasibility of integrating this process into your existing vendor invoice-receiving system.