WMTABreakfast meetingApril 14, 2009

Héctor Silva

©2009 Deloitte LLP. All rights reserved.

FIEL

The validity period of the Advanced Electronic Signature (FIEL) is two years.

Some of the possible consequences of not reactivating on time:

• Suspension of the register of importers. • Necessary to file the audit tax report (dictámen fiscal)• No access to the file of the company in the SAT portal. • No authorization for tax refunds.

©2009 Deloitte LLP. All rights reserved.

Invoice

Invoice approved by the SAT shall be used by the taxpayer, within a maximum of two years.

Althoug this period may be extended fullfiling certain requirements, the normal procedure will imply the need to void unused invoice and print new ones.

The rule also applies to the invoices from suppliers to claim a deduction

©2009 Deloitte LLP. All rights reserved.

Foreign stockholders or shareholders notice

Foreign stockholders must be registered with the tax ID registry (RFC), unless the foreing stockholders or shareholders of mexican corporations file with the tax authorities within three months following the end of each year a list of partners, shareholders, which indicates its domicile, residence and number of tax Tax ID.

©2009 Deloitte LLP. All rights reserved.

Financial Statements

For taxpayers required to file a Tax Audit Report per Article 32-A of the Tax Code must include within the agenda for the Shareholders' General Meeting a resolution on the approval of the Tax Audit Report filed during the year.

The obligation shall be deemed satisfied if the Assembly relating to shareholders is distributed and read out the report on revision of the tax referred to in paragraph III of Article 52 of the Tax Code Federation.

©2009 Deloitte LLP. All rights reserved.

Internet Compensation

You can now file a Notice of Compensation by Internet.

When compensating taxes, the required compensation form may now be sent by Internet.

Steps to follow are:

1.Download the electronic 41 format.2.Fill out the electronic format3.Enter to the section “Mi Portal” with FIEL or CIEC4.Select the services or applications, then select Submit Application and Notice of Compensation5.It is important that attach to the case file *. zip format which prepared its 41 annexes and other requirements as appropriate.6.Send and get your folio number.

©2009 Galaz, Yamazaki, Ruiz Urquiza, S.C. Todos los derechos reservados.

©2009 Galaz, Yamazaki, Ruiz Urquiza, S.C. Todos los derechos reservados.