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January 1, 2025
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Treasury announces the rules for Shein, Amazon and Temu to pay taxes

Treasury announces the rules for Shein, Amazon and Temu to pay taxes

They will also pay tariffs

Mexico’s Tax Administration Service (SAT) on Tuesday issued new tariffs that it said will strengthen surveillance of goods from Asia, a move that could affect popular online retailers such as Shein and Temu.

Goods that enter the Latin American country through courier companies from nations that do not have an international treaty with Mexico, such as China -headquarters Shein and Temu-, will be subject to a 19% tariff, the SAT said in a statement. shared with journalists.

Goods entering through courier companies from Canada and the United States, which are part of the North American Trade Agreement (USMCA), will be subject to a 17% tariff if the value is greater than $50 but does not exceed $117.

According to the SAT, a 19% tariff will also be applied to goods exceeding one dollar coming from other countries that have international treaties with Mexico.

The tax authority explained that the tariffs will strengthen the “fight against abusive practices.” Previously, countries were not required to pay duties on goods of such values, according to a tax service spokesperson.

The new measures, which will take effect on January 1, come amid a series of new tax guidelines affecting e-commerce companies, including a mid-month decree that increased import duties by up to 35%. in a range of clothing that encompasses dresses and shirts, household items such as blankets and curtains, as well as tents and awnings.

With information from Reuters.



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