BackOn June 7, 2022 the “Decree enacting the General Import and Export Tax Law” was published in the Official Gazette of the Federation (“DOF”) abrogating the former General Import and Export Tax Law (for its acronym in Spanish “LIGIE”) and issuing a totally new one.
In this regard, since Mexico is a member country of the World Customs Organization (“WCO”), it is mandatory to apply the amendments and recommendations to the harmonized system. Therefore, in order to be in compliance with the acquired commitments and to be aligned with the tariff schedule with its main trading partners, the Seventh Amendment of the Harmonized System Committee of the WCO was implemented through such Decree, modifying the tariff schedule of the goods traded internationally by the WCO members.
