www.pwc.com Control System for the Credit Accounts and Guarantees (SCCCyG) regarding VAT Certification Conference given by the Tax Authority (SAT) on October 6th, 2014 Conference Main Topics – General Background 913 Companies certified for VAT purposes. Executive (from SAT) will be assigned to each certified Company as main contact for queries. “Semaphore” to monitor the positive opinions of fiscal obligations compliance of national suppliers (inside SAT website – “Mi portal”) PwC 2 Conference Main Topics – SCCCyG 3rd modification of 2014 GFTR will be published in the next days and it will include the Annex 31 with the details of the SCCCyG. The open balances report and the back flush reports will be presented through the SAT website (“Mi portal”), not through the VUCEM. The Authority is working on a prototype of the SCCCyG, the official formats and manuals will be published later. PwC 3 Conference Main Topics – SCCCyG Ammendments to the open balances presented within the first 15 days of January 2015 could be performed through communication with the executive assigned – deadline January 30, 2015. Open balances report may include raw materials and fixed assets pending to be returned. Layout of the open balances report: Customs Broker code PwC Pedimento number Custom code Date HTS code Historical Commecial Value Fixed Asset (Yes / No) 4 Conference Main Topics – SCCCyG The monthly/bimonthly back flush reports will have to be presented no later than the last day of the following month. They could be ammended as many times as needed. One back flush report per each “type of discharging document” or customs destination (pedimento RT, F4, V1, CTM, destruction letter, etc.). PwC 5 Conference Main Topics – SCCCyG Layouts of the tables of the back flush reports: • Pedimento or document to be discharged Pedimento or document number (CTM, destruction letter, etc.) Pedimento or document number replacing the original • Detail of the HTS codes associated to the pedimento code to be discharged Import HTS code to be discharged PwC Historical Commercial Value to be discharged Fixed Asset (Yes / No) Type of movement (delete, modify, no changes) 6 Conference Main Topics – SCCCyG The SCCCyG will work in a debit and credit mechanism regarding “HTS code – Commercial Value” under a FIFO basis. The SCCCyG will consider all the applicable timeframes established in the legal provisions. The open balances report and the back flush reports will be filled directly in the SAT website “Mi Portal” or uploaded through an specific layout in Excel files. PwC 7 Conference Main Topics – SCCCyG Type of information Information Font Open balances Taxpayer report Temporary imports subject to credit Back flush reports SAAI Taxpayer report Account per month and HTS code Credit Debit + Open balance + IN + V1 + … - RT – V1 – F4 - … = Balance PwC 8 Conference Main Topics – SCCCyG The SCCCyG will allow the consultation of several information such as: • Credits with a 3 month timeframe or less. • Global summary of credits. • Status by HTS code. • Among others. PwC 9 Thanks… This publication has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, PricewaterhouseCoopers, S.C., its members, employees and agents do not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it. PwC © 2014 PricewaterhouseCoopers, S.C. All rights reserved. In this document, “PwC” refers to PricewaterhouseCoopers, S.C. which is a member firm of PricewaterhouseCoopers International Limited, each member firm of which is a separate legal entity.