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Upcoming tariff reduction for used cars

Reduced tariffs and other benefits are intended to be set for the definitive import of used cars.

The Ministry of Finance and Public Credit and  Economy (abbreviated SHCP and SE in Spanish) propose regulation to COFEMER (Federal Commission for Regulatory Improvement) for the definitive importing of used cars.

In order to give continuity to the actions implemented through the "Decree setting forth the conditions for the definitive importing of used vehicles," which term is due to end (June 30, 2011), the Ministries of Finance and Public Credit and Economy presented a Decree proposal to COFEMER in order to regulate the definitive importing of used vehicles, through a schedule for phasing out restrictions for the period 2011-2013.

If the Decree is approved, benefits would be granted for the definitive importing of  those used vehicles which Vehicle Identification Number  corresponds to that of the manufacturing or assembly of the vehicle in Mexico, the United States and Canada, establishing ad-valorem reduced tariffs, without requiring prior authorization from the SE (Ministry of Economy), nor the need to have a certificate of origin.

The tariffs will vary by location and age of the vehicle:

       
 

8 to 10 years     

10%       

As of the date of entry into force of the Decree until December 31, 2012

 

6 to 7 years

15%

As of January 1, 2013

 

8 to 9 years

20%

As of January 1,  2013

Northern Border Area       

5 to 9 years

1%

As of the date of entry into force of the Decree until December 31. 2013

 

10 years

10%

No date specified

Importing will continue to be conducted pursuant to the procedure set forth by SAT through general rules.

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