We believe in the old ways of doing business – the handshake, delivering on the promise made after saying “I will,” and treating our customers with the highest level of respect. But the new ways or disciplines — that assure the highest level of quality and efficiency – are added proofs that we seek to deliver value to our customers throughout the entire supply chain. Here are certifications which back up our promise to give each customer our very best.
One of the many benefits of working with a well-established cross-border manufacturing entity such as MFI is our familiarity and compliance with all Mexican regulations and requirements. We work within the Mexican legal system and take care to ensure that all of our dealings are compliant, so that our clients don’t have to worry.
An example of our ability to cost-effectively bring the benefits of Mexican manufacturing to U.S. clients is the Mexican Tax Law Reform which was enacted on January 1, 2015. Previously, all maquiladora companies which brought in raw materials and transformed them into completed products which were then shipped to the United States had enjoyed a blanket exemption from Mexico’s Value Added Tax (VAT). This exemption was to be eliminated completely, and a VAT of 16% was established for all imports.
Upon further review, however, a certification system was implemented which would reward certain companies for their compliance with all government trade and tax regulations with a VAT credit to offset the 16% levy. Because of our high level of integrity in these matters, MFI is proud to announce that we have been awarded the triple A certification (AAA), which is the highest level available. This allows us to pass on many more benefits to our clients. The Certification Requirements we were required to meet included:
This highest level of certification entitles MFI to an immediate VAT credit for temporary imports. We will receive expedited common VAT refunds within 10 business days from our request date, and will be allowed sixty days to correct any irregularities. We will have the opportunity for a voluntary correction instead of an automatic audit in the case of any irregularity on the tax and duty declarations. Our certification is valid for three years.
All of this means that MFI clients continue to receive the highest in service, compliance and on-time delivery without having to worry about paying an additional Value Added Tax. Make MFI International your one-stop solution for low-cost manufacturing opportunities in Mexico.