RULE 7.4.8: ACCEPTANCE OF THE GUARANTEE IN CASES OF MERGER OR SPIN-OFF OF COMPANIES WHEN IT IS DECIDED NOT TO PAY THE VAT (IVA) AND / OR IEPS

For the purposes of accepting the fiscal interest guarantees referred to in the rules 7.4.1. (RGCE 2020: Regla 7.4.1), and 7.4.7. (RGCE 2020: Regla 7.4.7), in cases of merger or spin-off of companies, the following will apply:

I. When the merger of companies that have the aforementioned acceptance is carried out and one of them subsists, a notice must be given to the General Administration of Foreign Trade Audit (Administración General de Auditoría de Comercio Exterior) through the Digital Window in the "Single Format of Guarantees regarding the Value-Added Tax (Impuesto al Valor Agregado) and Special Tax on Production and Services (Impuesto Especial sobre Producción y Servicios)" of Annex 1 (RGCE 2020: Anexo 1), within 10 days after the merger or spin-off agreements have been registered in the Public Registry of Commerce. The subsists company must comply with the obligations indicated in rule 7.4.3, section II. (RGCE 2020: Regla 7.4.3)

II. When derived from the merger or spin-off of companies that have the aforementioned acceptance, a new company results, it must again process the acceptance of the guarantee established by rule 7.4.1. (RGCE 2020: Regla 7.4.1) and comply with the obligations indicated in rule 7.4.3, section II (RGCE 2020: Regla 7.4.3) and must notify the General Administration of Foreign Trade Audit (Administración General de Auditoría de Comercio Exterior) through the Digital Window in the "Single format of guarantees regarding the Value-Added Tax (Impuesto al Valor Agregado) and Special Tax on Production and Services (Impuesto Especial sobre Producción y Servicios)" of Annex 1 (RGCE 2020: Anexo 1), within 10 days after the merger or spin-off agreements have been registered in the Public Registry of Commerce.

Law 6 (LA: Art. 6), General Rules of Foreign Trade (RGCE) 1.2.1. (RGCE 2020: Regla 1.2.1), 7.4.1. (RGCE 2020: Regla 7.4.1), 7.4.3. (RGCE 2020: Regla 7.4.3), 7.4.7. (RGCE 2020: Regla 7.4.7), Annex 1 (RGCE 2020: Anexo 1)