Chihuahua, Chih., february 4th, 2020.

Dear clients and friends,

We hereby remind you, that pursuant article 27 of the Federal Tax Code, if your Company has foreign partners and/or shareholders, they must be registered before the Federal Taxpayers’ Registry (RFC). If said foreign partners and/or shareholders opt to omit such registry, your Company must file before the Tax Administration Service (SAT), the Foreign Partners, Shareholders or Associates Report, also known as the Official Form 96.

The Official Form 96 must be filed on the SAT website, at www.sat.gob.mx; whereby a detailed list of the foreign partners/shareholders that are not registered in the RFC must be annexed, indicating their name, nationality and address. Once the form has been correctly filled, and if no inconsistencies are found; SAT will send a confirmation email.

The aforementioned notice must be filed within the first three months following the end of each fiscal year; thus, it must be submitted no later than the last working day of March. The filing of said notice is important, since it is part of the tax obligations of Companies in Mexico.

Therefore, in case your Company needs to file such form, it will be our pleasure to support you with any consultation.

For any inquiries, please do not hesitate to contact us.