KRESTON BSG is a multidisciplinary firm, integrated by a team of experienced consultants , whose capacity allows to achieve success with its clients.Complying within the legal terms and with the best international practices, KRESTON BSG competence is focused to the most efficient course of action of fiscal regulations, looking to fulfill the client’s duties as well as optimize their fiscal burden. KRESTON BSG has specialists in the interpretation of the Financial Information Rules, national ones and international ones, this helps in the creation of the financial audit, as well as governmental one, with this tools, money laundry and such issues can be also reviewed. KRESTON BSG is a member of KRESTON INTERNATIONAL, a business consulting firm with its headquarters in United Kingdom, and branches in the most important cities Worldwide.

“ PEOPLE DO BUSINESS WITH PEOPLE THEY KNOW, LIKE AND TRUST“

The work methodology of KRESTON BSG allows us to give support to our customers so they may comply with their tax obligations and detect opportunities to minimize their tax load in the strictest attachment to the legal framework.

Our main objective in the field of taxes is to maintain adequate control of each and every one of the taxes to be paid, in order to avoid unnecessary expenditure of resources. This approach implies constant communication with the general management of companies and their financial areas, so that they have appropriate knowledge of any risk that could negatively affect their finances.

The following are some of the services we offer:

Interpretation of tax dispositions with the inclusion of the previous study of the jurisdictional organs; in order to an assertive application of the tax legislation.Implementation of fiscal strategies.Restructuring of companies.Capital repatriation.Tax consultancy in questions of fiscal legacy.Criteria confirmation against tax authorities.Professional approach and management of consulting with authorities.Application and tracing of tax refund and tax offset with the best quality standards to guarantee effectively positive results.Assessment of the fiscal impact of specific transactions, as well as the adoption of legal structures.Tax outsourcing with our staff leaded to optimize tax burden through planning and projecting results starting from a global view.International personnel assignments (expats).Tax planning and evaluation of risks in international tax operations.

One of the essential factors for decision taking in business is the critical analysis of the legal-corporate and tax sphere in which they develop. This is the reason why an adequate consultancy for the implementation of efficient business structures and models, and to accomplish the timely compliance with tax and legal obligations of companies is key to the success of any business. In this context the support for our customers i sour commitment and responsibility.

Tax Assistance and International Taxes

Carlos Saucillo Osunacsaucillo@krestonbsg.com.mx

Academic background:B.A. in Public Accounting at the Universidad Popular Autónoma del Estado de Puebla. (UPAEP). Master’s degree in Tax Law at the UPAEP. Senior Management program at the Instituto de Estudios Superiores en Dirección de Empresas. Diploma in International Taxes at ITAM-DUKE University.

Specialization:Tax consultancy, fiscal consolidation, mergers, sale of shares, planning and development of strategies, foreign businesses, and international operations.

Academic activities:Professor of select topics in graduate programs at UPAEP.

Languages: Spanish and English

The vast expansion when breaking down borders as well as economic globalization make international consulting in questions of taxation indispensable, which redounds to certainty and knowledge of the diverse instruments and agreements that govern the legal framework in Mexico.

Our international area provides this support that Mexican and transnational companies need to develop their business networks from and through our country.

Our services comprise the analysis and interpretation of national provisions concerning operations carried out by foreigners in Mexico, as well as the various agreements signed with other countries to avoid double taxation, including application of the model agreements of OCDE and the UN and US models and their comments and explanatory notes.

Our experts constantly update their know-how by means of analysis of the doctrine in international matters which is developing in other countries that are leaders in these questions, of the precedents issued by international courts of law, as well as interaction with other specialists from abroad by means of the Kreston network. Among others, the following are services we offer in the area of international taxes:

International strategies of restructuring, mergers, acquisitions and disinvestments.Interpretation and application of domestic legislation related to taxpayers living abroad.Interpretation and application of the network of international agreements in the matter of double taxation.Professional contact with Mexican tax authorities in international matters.A vast network of alliances with international experts.

Tax Assistance and International Taxes

Francisco Bracamonte Prietofbracamonte@krestonbsg.com.mx

Academic background:B.A. in Public Accounting, M.B.A. and M.A. in Tax Law.Certified in 2003 by means of an exam by the Mexican Accounting Institute, received a mention for obtaining the highest point score in the nation.High Company Management Program at the Institute of Superior Studies in Business Management.Various graduate diplomas and seminars related to tax law.

Specialization:Has been advisor to businesses of the most varied branches in tax matters, in particular in the definition of the fiscal impact of distinct types of contracts and complex operations, corporate restructuring, fiscal effects in personal asset planning, treatment of foreign investments of residents in Mexico, taxation of residents abroad for operations of national sources of wealth, indirect taxes, fiscal stimulation and acts of fiscal control, among others.

Academic activities:Professor of fiscal matters at the Universidad Popular Autónoma del Estado de Puebla, the Universidad Marista in Mérida and the Universidad de las Américas Puebla, A.C.

Languages:Spanish and English

Audit of financial statements facilitates the transparency and certainty of financial information issued by a company. Our auditing services, with an approach based on risks, generate an objective and independent opinion on established internal control practices, business risks and generally applied accounting practices. Our approach to development of audits is centered in the areas of major risks for your company. We work hand in hand with our customers to identify these risks and work out a detailed revision of your financial operations. In order to accomplish that, we put emphasis on:

The understanding of the organization and the respective industry.Frequent communication with the customer’s management.Use of technological tools applied to the audit.

Thanks to the method developed by the global Kreston network, we ensure that our work is carried out following international audit standards, thus guaranteeing an efficient result that provides transparency and certainty to the financial operations of our customers.

Among others, we offer the following audit services:

Audits of financial statements.Audits for tax effects (“tax reports”).Opinions on internal control.“Outsourcing” in internal audits.Special revisions, such as:

Reports on previously agreed-on procedures. Reviews by procedures of standards to witness. International standards, USGAAP. Revisions of regulatory character. Accounting and tax diagnostics. Accounting supervision. Guidance in the preparation of tax appendices. Account filtering. Consulting in accounting aspects.

Audit

Academic background:B.A. in Public Accounting at the Universidad Popular Autónoma del Estado de Puebla. M.B.A. with specialization in International Administration at the Universidad de las Américas Puebla, A.C. Program of Senior Business Management at the Instituto de Estudios Superiores en Dirección de Empresas. Public accountant, certified by exam by the Instituto Mexicano de Contadores Públicos. Diploma in International Financial Reporting Standards (IFRS) by ITAM and certified in IFRS by the Association of Chartered Certified Accountants. Specialization:Internal audits and audits of financial statements for national and international effects, Mexican financial reporting standards, international financial reporting standards, conversion of financial statements (Fas 52), valuation of permanent investments in shares and consolidation of financial statements, accounting appraisals, business consultancy. Academic activities:Professor at UPAEP Languages: Spanish, English and French

Juan Espinosa Vargasjespinosa@krestonbsg.com.mx

The purpose of the rules on transfer pricing is to ensure that operations among related parties are being carried out at market value. Thus the analysis and studies of transfer pricing prepared by our specialists provide our customers and the tax authorities with a trustworthy tool to determine the amounts or scope in which they must carry out inter-company operations. Our object is not only to guide our customers with respect to the proper documentation that integrates the studies of transfer pricing as well as their issue itself, but also to advise them regarding the potential options of interpretation of the applicable legal provisions and regarding the development of national and international strategies which, based upon real facts and history, optimize the lesser payment of taxes of our customers according to the proper and strict application of the respective legal framework. Among others, the services we offer in the area of transfer pricing are the following:

Preparation of studies of transfer prices and their support documentation according to the OCDE guidelines and applicable federal laws, for operations with foreign and domestic related parties.Adaptation of studies prepared abroad to the requirements of domestic legislation.Preparation of the informative declaration of operations with related parties abroad.Consulting in the completion of the annual declaration in the headings of transfer pricing and the transfer pricing questionnaires included in SIPRED.Valuation of intangibles (brands) and other goods (shares, assets).Procedures of Advance Price Agreements (APA).Consulting in the preparation of contracts between related parties.Technical defense of transfer pricing studies prepared by our area of specialists, reply to the requirements issued by authorities, and in general attention to any information or documentation request issued by SAT (Tax Administration Service).Consulting, procedure and follow-up of tax controversies as well as legal support and defense in audits and reviews by authorities; implementation of domestic and international fiscal strategies.Financial analysis and diagnosis that allows us to carry out actions to optimize the economic and financial health of your business.

At this point in time, the obligation to determine transfer pricing in operations with related parties is of great relevance, not only in terms of tax collection, but also for decision taking in the businesses of our customers. At Kreston, we have ample experience to help you in all aspects related to the field of transfer pricing.

Transfer Pricing

Jorge Octavio Oropeza Tenajoropeza@krestonbsg.com.mx

Academic background:B.A. in Economics at the Universidad Autónoma de México (UNAM)

Specialization:Production economics and transfer prices.

Academic activities:Professor of Macroeconomics I, in the study course of Economics and Finance at the Universidad Iberoamericana de Puebla. Lecturer in different states of Mexico for organisms such as CANACINTRA, IMEF, Colegio de Contadores, IMPC, Colegio de Economistas, and at universities such as UDLA, Iberoamericana de Puebla, Anahuac de Puebla, between others.

Publications:“A New Tax Obligation: Transfer Pricing”, published in the magazine “Dinero Hoy”;“Talk to Your Accountant: Transfer Pricing for National Operations”, published in the magazine “Alto Nivel”; “Transfer Pricing in National Operations”, published in “El Boletín del InversionistaMexicano”; and “Transfer Prices, the fashionable tax obligation”, published in the magazine “Cover”.

Languages:Spanish and English

He is partner in the area of Transfer Pricing at Kreston BSG, specialized firm in National and International Taxation, with a specialization in Transfer Pricing and Sector and Economic Study.

The current environment promotes increasingly high specialization in foreign trade activities, becoming a very functional area for the Companies´ Operations.

In this matter we support the areas of traffic and foreign trade of our clients, that with current functions, becomes essential to comply with higher efficiency and in the least possible time with all the requirements and results that the dynamics of the areas of logistics and finances demand and control.

The approach of this service is focused in the understanding of the entire administrative process and the information that involves the foreign trade area, allowing us to assist our clients in their continuous improvement objectives in the proper processes of the area, with a very high preventive degree.

Among others, the services we offer in the field of foreign trade are the following:

Import and export rulesInventory control updating projects.Analysis and use of government programs for foreign trade and their implementationOptimization of the processes in Annex 24.Revision, planning and determination of taxes for foreign trade derived from the free-trade agreements signed by MexicoForeign Trade audits in order to correct activities or procedures and improve the administration in the area.Review, implementation and coordination of the virtual operations processes and the activities arising from them.Development and configuration of the areas of Foreign Trade.Free Trade Agreements: Goods analysis and regulation of origin.Reports and certification of origin with Costs, Engineering, Traffic and Foreign Trade information, according to the Free Trade Agreements that apply.Automotive Industry Foreign Trade Procedures.Training of our clients´ personnel in all level.Support in the procedures on the side of the authority and their verification faculties, as well as litigation issues regarding Foreign Trade in conjunction with our legal area.

The teamwork in Kreston BSG consists of professional advisors in the Foreign Trade area that, with practical sense, comply and exceed our clients´ expectations, always acting with strict adherence to legal and regulatory framework applicable to the matter.

Foreing Trade

Guillermo Saldívar Martín del Campogsaldivar@krestonbsg.com.mx

Academic background:B.A. in Administration and Finance at the Universidad Panamericana (Mexico City). Expert in Foreign Trade issues such as Control and Administration of the IMMEX Program, Free Trade Agreements, Administrative Process of the Internal Areas of Traffic and Foreign Trade, Audit and Legal Defense, between others.

Others:Participation in the Strategic Marketing Program for Directors of the IESDE Business School and Certified in Foreign Trade in the Universidad Nacional Autonoma de Mexico (UNAM).

Partner in the Area of Foreign Trade for Kreston BSG, specialized firm in issues regarding National and International Taxation and member of Kreston International, Ltd.

Active Member as well of the Mexican Institute of Foreign Trade Executives (IMECE) and acts as Academic Counselor in the Degree in International Trade in the Universidad Popular Autonoma del Estado de Puebla (UPAEP).

Exhibitor at various business and academic courses.

Languages: Spanish and English

In a competitive world, the business response speed is of vital importance, due to that we have a specialized unit regarding Information Technologies in which our greatest strength is in the business management solutions with a total business approach and searching into our clients´ empathy, because we know they are looking for “more for less”.

Although in our country barely the 0.1% of the companies have an ERP, throughout the last years it has been noticed an increasing tendency in the business environment through development and spread of the ERP systems, since these provide a big amount of benefits to big, small and medium enterprises, such as:

Higher efficiency.Higher control.Higher operational capacity.ProfitabilityDecision MakingSecurityStandardization

We are a multidisciplinary firm integrated by a team of certified consultants with over 20 years of experience that offer:

Enterprise Applications (Business Management solutions-ERP). On Premise solutions Cloud solutions

Design and implementation of Technology solutions.Strategy, design and implementation of Business intelligence solutions.Software evaluation and selection.TI Optimization areas.TI Strategic Planning.Project Management Software (PMO) – Quality assurance (PQA).Support and Maintenance in Management Solutions (AMS).

Information Technologies

Academic background:Graduated from Administrative Computer Systems Degree (LSCA) in “Universidad del Valle de México”. His experience includes Best Business Practices (APICS) and has different postgraduate studies in Finances, Marketing, Management Skills and Project Administration (PM).

Regarding TI, he has certifications in Expedited Implementation Methodologies and in the last years he has specialized in Cloud Solutions.

He has over 20 years of experience in TI and more than 15 years in Business Management Solutions (ERP).

Up to date he is partner in the area of Information Technologies (TI) in Kreston BSG.

José Eloy Obregón Ruízeobregon@krestonbsg.com.mx

Blvd. Atlixcayotl No. 5320-20 Reserva Territorial AtlixcayotlSan Andrés Cholula,Puebla, México. 72810

T. 52 (222) 893.76.10www.krestonbsg.com.mx