ELECTRONIC VALUE STATEMENT (MVE) 2025

Based on Notice 65/2025 issued by the Mexican Tax Administration Service (SAT), the following is hereby reported:

Legal Basis: Rule 1.5.1 of the 2025 General Rules of Foreign Trade (RGCE) and Article 59, Section III of the Customs Law.

TIMELINE OF EFFECTIVENESS

• • August 1st, 2025 – START OF VOLUNTARY PHASE: The E2 Form is enabled in the Mexican Single Window for Foreign Trade (VUCEM).

• Transition period: The previous format and the new format coexist from August 1st to December 8th.
• The mandatory requirement for Electronic Value Statement (MVE) via the Mexican Single Window for Foreign Trade (VUCEM) is deferred until April 1st, 2026. Without the MVE in the VUCEM, there will be no clearance.
• Until March 31st, 2026, importers may comply with the value statement under the traditional format or by electronic transmission in VUCEM.
• For those who already use the electronic system, the Mexican Tax Administration Service (SAT) will allow spontaneous modifications of MVE information without imposing financial penalties, as an administrative convenience during the transition period.

LEGAL FRAMEWORK (The Basis)

The legal structure that supports the obligation.

• Customs Law (Art. 59, Section III): Core obligation to submit the statement and supporting evidence.
• Customs Law Regulations (Art. 81): List of documents that must be attached.
• 2025 General Rules of Foreign Trade (RGCE) (Rule 1.5.1): Instructs the transmission of the E2 Form (Annex 1) via the Digital Window for Foreign Trade (Ventanilla Digital).

PROCESS IN THE MEXICAN SINGLE WINDOW FOR FOREIGN TRADE (VUCEM) (Operational Flow)

Technical steps for correct transmission:

1. Authentication: Mandatory login with the advanced electronic signature known as FIEL (e.firma = e-signature).
2. Capture (Step 1): Applicant and importer data as well as linking of figure (Customs Broker/Representative).
3. Valuation – (Step 2):
   • Linking the Electronic Value Receipt/Certificate (COVE).
   • Selecting the Valuation Method.
   • Stating the INCOTERM.
4. Attachments (Step 3): Upload digitized documents from Art. 81 of the Customs Law Regulation.
5. Signature (Step 4): Signing with private key (.key) and certificate (.cer) to obtain acknowledgment (acuse).

CALCULATION OF THE TAXABLE BASE (Customs Value)

Legal Formula:

Taxable Base = Paid Price + Incrementals (Art. 65)

• Paid Price: Commercial value of the goods.
• [+] Incrementals (Art. 65 Customs Law): ADDED to the value are:  Freight, insurance, packaging, royalties, and molds.
• [-] Decrementals (Art. 66 Customs Law): Declared but NOT ADDED to the taxable base are: internal freight, assembly, and interest. They must be itemized/broken down; otherwise, they will be assumed to be part of the price.

ATTACHED DOCUMENTATION (Art. 81 of the Customs Law Regulation)

Mandatory evidence to be digitized.

1. Commercial Invoice.
2. Transport Documents (Bill of Lading, Air Waybill).

III. Proof of Origin and Provenance.

1. Guarantee (Customs Account) if applicable.
2. Proof of Payment (Wire Transfer, Letter of Credit).
3. Transportation and Insurance Costs (Breakdown).

VII. Contracts related to the transaction.

SANCTIONS

Consequences of errors, regardless of the Tariff Classification.

• Inaccurate/Incomplete Data on the Electronic Value Statement (MVE): There will be a fine of $2,330.00 to $3,310.00 per document (Art. 185-II Customs Law)
• Errors on the Electronic Value Receipt/Certificate (COVE): There will be a fine of $29,420.00 to $49,050.00 (Art. 184-B II Customs Law).
• Omission of Taxes: There will be a fine of 130% to 150% of the omitted amount (Art. 178 Customs Law).
• Lack of Elements (Art. 81): There will be a fine of $80,220.00 to $106,970.00 (Art. 200 Customs Law).
• Tax Impact: Not deductible for Income Tax purposes and not eligible for VAT credit.