On July 14, 2022, in the Diario Oficial, Mexico’s Ministry of Economy published tables correlating the 2020 version of the Mexican Tariff Schedule with the new 2022 version, which contains almost 17,000 statistical breakouts. There are 1,152 changes between the two versions. The agreement will enter into force in conjunction with the Law on General Import and Export Taxes, announced on June 7, 2022. This must be done within 180 days after the publication in the Diario Oficial. Once it is applied and the Tariff Schedule and NICO publications are aligned, importers must ensure that their classifications are valid.
For more information, please visit:
For more information on the Law on General Import and Export Taxes, please see the below Newsflash: