IVA VAT Fundamentals for USU.S. Companies

Presenting a live 110-minute teleconference with interactive Q&A

Mexico's IVA Tax: VAT Fundamentals for U.S. Companies

Obtaining Deductions and Refunds, Complying With VAT Withholding, and Meeting Other Challenges

THURSDAY, JULY 26, 2012 1pm Eastern | 12pm Central | 11am Mountain | 10am Pacific

Today's faculty features:

Gabriel Andrade, Partner, International Tax Services, KPMG, Monterrey, Mexico Scott Sneckenberger, Partner, Plante Moran, Auburn Hills, Mich.

Luis Carbajo-Martinez, Principal, Baker & McKenzie, Juarez, Mexico Juan Carlos Valles Zavala, Attorney, Baker & McKenzie, Juarez, Mexico

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Mexico's IVA Tax: VAT Fundamentals for U.S. Companies Seminar

July 26, 2012

Gabriel Andrade, KPMG gabrielandrade@.mx

Luis Carbajo-Martinez, Baker & McKenzie luis.carbajo@

Scott Sneckenberger, Plante Moran scott.sneckenberger@

Juan Carlos Valles Zavala, Baker & McKenzie juan.valles-zavala@

Today's Program

IVA Overview [Gabriel Andrade]

Exempt And 0%-Rated Transactions [Scott Sneckenberger]

IMMEX/Maquiladora Program, And Potential IVA Benefits [Scott Sneckenberger]

IVA And Importations By Non-Mexican Companies [Scott Sneckenberger]

Impact Of Elections On IVA Policy [Luis Carbajo-Martinez and Juan Carlos Valles Zavala]

Hot IVA Topics, From A Legal Perspective [Luis Carbajo-Martinez and Juan Carlos Valles Zavala]

Handling IVA Refunds [Gabriel Andrade]

Slide 7 ? Slide 72 Slide 73 ? Slide 76 Slide 77 ? Slide 83 Slide 84 ? Slide 86 Slide 87 ? Slide 89 Slide 90 ? Slide 101 Slide 102 ? Slide 104

Gabriel Andrade, KPMG

IVA OVERVIEW

Characteristics

1. It is an indirect tax 2. Federal tax 3. Value added Tax (VAT) is levied on consumption and it is present along all

economic activities' production and commercialization chains. VAT is applicable to goods and services acquired or received, respectively, within the national territory, as well as imports 4. It is an efficient tax collection instrument. 5. Reduces tax evasion 6. Its application is merely inter-territorial 7. It is inflationary.

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