The Foreign Trade area is fundamental for the operation of many companies in our country since it is the area that manages both the supply of inputs and finished products for the development of operations (import), as well as the marketing of goods abroad (export) and therefore, its proper operation and management become key to avoid setbacks that result in monetary losses that can be considerable for the Company.
When managing the activities in this area, there are a series of documentation, purification, and due compliance requirements to guarantee the authorities the correct fulfillment and calculation of tax, tariff, and non-tariff Obligations. In practice, it is common for companies to make unintentional omissions or errors that, if not detected in time, can have undesirable consequences that can later leave to review processes by the authorities that can result in significant contingencies for the companies.
For this reason, Sánchez Devanny conducted this study to know how prepared companies are to face a review or audit process of their foreign trade operations by the competent authorities.
We invite you to review this document and reflect on the current situation of your company with respect to each question in the study and make a self-diagnosis of how prepared your company is to respond to these review processes.
We remind you that our talented team of specialists in Foreign Trade is at your service for any questions you may have regarding the study or to your company’s particular situation in reference to these issues.
