Mexico

June 27, 2017

Miguel Llovera
	Deloitte Mexico Rio Lerma 232 p. 9 Col. Cuauhtémoc 06500, CDMX Mexico Tel: +52(55)5080 6535 Fax: +52(55)5080 6000 Email: mllovera@deloittemx.com Website: www.deloitte.com/mx Miguel Llovera, Deloitte Mexico, is a partner. He founded the mergers and acquisitions tax practice and leads the energy and natural resources industry service line for tax in Mexico. Success stories include leading M&A services for multiple Latin-American legislations, billion-dollar infrastructure public offerings, and supporting the National Power Company on its transition into the open market. His attributes include business insight, multi-industry/multi-jurisdiction experience, and expertise on the broad tax spectrum. Miguel has served companies, private equity funds, multinationals, government entities and financial institutions delivering tax solutions in a wide range of overarching situations – including going public, expansions, acquisitions, dispositions, joint ventures, cash repatriations and business optimisations focusing on M&A processes. While enhancing business returns due to the identification of specific contingencies, hidden costs, and opportunities – he has developed and implemented effective strategies in areas such as tax attributes and effective tax rate management, tax-free reorganisations, transfer of goods and intangibles taking into consideration state, federal, and international taxation issues, both in corporate and indirect taxes such as VAT and IEPS. He has been recognised by International Tax Review and Finance Monthly tax awards. Miguel is a PhD(c) and holds a master's degree from Antonio de Nebrija University, Spain, and a diploma in finance from Universidad Panamericana, Mexico and has also studied world hydrocarbon fiscal regimes at the CWC School of Energy in the UK. He is a graduate of Instituto Tecnológico Autónomo de México (ITAM), Mexico. He is also a certified public accountant and holds a professional certificate in tax from the Institute of Public Accountants. Miguel has been invited to the World Business Dialogue at the University of Cologne, Germany and the International Management Symposium, Switzerland. He has lectured at graduate and post-graduate level and at multiple local and international conferences, as well as authoring several articles. He is a member of the Mexican Public Accountants College and the International Fiscal Association, as well as the Mexican Institute of Finance Specialists (IMEF).

Miguel Llovera

Deloitte Mexico

Rio Lerma 232 p. 9

Col. Cuauhtémoc 06500, CDMX

Mexico

Tel: +52(55)5080 6535

Fax: +52(55)5080 6000

Email: mllovera@deloittemx.com

Website: www.deloitte.com/mx

Miguel Llovera, Deloitte Mexico, is a partner. He founded the mergers and acquisitions tax practice and leads the energy and natural resources industry service line for tax in Mexico.

Success stories include leading M&A services for multiple Latin-American legislations, billion-dollar infrastructure public offerings, and supporting the National Power Company on its transition into the open market. His attributes include business insight, multi-industry/multi-jurisdiction experience, and expertise on the broad tax spectrum.

Miguel has served companies, private equity funds, multinationals, government entities and financial institutions delivering tax solutions in a wide range of overarching situations – including going public, expansions, acquisitions, dispositions, joint ventures, cash repatriations and business optimisations focusing on M&A processes.

While enhancing business returns due to the identification of specific contingencies, hidden costs, and opportunities – he has developed and implemented effective strategies in areas such as tax attributes and effective tax rate management, tax-free reorganisations, transfer of goods and intangibles taking into consideration state, federal, and international taxation issues, both in corporate and indirect taxes such as VAT and IEPS.

He has been recognised by International Tax Review and Finance Monthly tax awards.

Miguel is a PhD(c) and holds a master's degree from Antonio de Nebrija University, Spain, and a diploma in finance from Universidad Panamericana, Mexico and has also studied world hydrocarbon fiscal regimes at the CWC School of Energy in the UK. He is a graduate of Instituto Tecnológico Autónomo de México (ITAM), Mexico. He is also a certified public accountant and holds a professional certificate in tax from the Institute of Public Accountants.

Miguel has been invited to the World Business Dialogue at the University of Cologne, Germany and the International Management Symposium, Switzerland. He has lectured at graduate and post-graduate level and at multiple local and international conferences, as well as authoring several articles. He is a member of the Mexican Public Accountants College and the International Fiscal Association, as well as the Mexican Institute of Finance Specialists (IMEF).

Cecilia Montaño
	Deloitte Mexico 489, P 6 Col. Cuauhtémoc 6501 Mexico City Mexico Tel: +52 55 50 80 64 19 Email: cmontanohernandez@deloittemx.com Website: www.deloitte.com Cecilia Montaño, Deloitte Mexico, is an indirect tax partner and Mexican and Latin American service line leader, specialised in foreign trade, customs and indirect tax. She has more than 18 years of experience in foreign trade. Cecilia became a partner in Deloitte Mexico in 2008. Before joining Deloitte, Cecilia spent several years as a logistics and customs compliance manager in the private sector. Cecilia helps multinational companies identify indirect tax opportunities and has worked with clients around the world on projects involving due diligence, customs audits and tax strategies relative to investments in Mexico, among others. Cecilia has extensive experience in compliance consulting. She works with clients operating across many industries including the automotive, pharmaceutical, oil and gas, mining, energy and manufacturing sectors, among others. She received a bachelor's degree in foreign trade and customs from the Instituto Teconólogico de Monterrey, and is about to conclude a master's in business administration, with a foreign trade specialisation, from the same institution. Cecilia is vice president of the Mexican Importers and Exporters Association, and actively participates in the most relevant associations in Mexico related to foreign trade and customs. She has a strong relationship with the Mexican government in topics related to foreign trade and customs and regularly participates strategically with them.

Cecilia Montaño

Deloitte Mexico

489, P 6 Col. Cuauhtémoc

6501 Mexico City

Mexico

Tel: +52 55 50 80 64 19

Email: cmontanohernandez@deloittemx.com

Website: www.deloitte.com

Cecilia Montaño, Deloitte Mexico, is an indirect tax partner and Mexican and Latin American service line leader, specialised in foreign trade, customs and indirect tax. She has more than 18 years of experience in foreign trade. Cecilia became a partner in Deloitte Mexico in 2008.

Before joining Deloitte, Cecilia spent several years as a logistics and customs compliance manager in the private sector.

Cecilia helps multinational companies identify indirect tax opportunities and has worked with clients around the world on projects involving due diligence, customs audits and tax strategies relative to investments in Mexico, among others.

Cecilia has extensive experience in compliance consulting. She works with clients operating across many industries including the automotive, pharmaceutical, oil and gas, mining, energy and manufacturing sectors, among others.

She received a bachelor's degree in foreign trade and customs from the Instituto Teconólogico de Monterrey, and is about to conclude a master's in business administration, with a foreign trade specialisation, from the same institution.

Cecilia is vice president of the Mexican Importers and Exporters Association, and actively participates in the most relevant associations in Mexico related to foreign trade and customs.

She has a strong relationship with the Mexican government in topics related to foreign trade and customs and regularly participates strategically with them.

Juan Pizano
	Deloitte Mexico Paseo de la Reforma 505 Col. Cuauhtemoc Del. Cuauhtemoc Mexico City, 06500 Mexico Tel: +52 55 5080 7315 Fax: +52 55 5080 6001 Email: jpizano@deloittemx.com Website: www.deloitte.com/mx Juan Pizano, Deloitte Mexico, is a customs and global trade partner based in Mexico City. He has been with Deloitte Mexico since 2015. Prior to joining Deloitte Mexico, Juan was the partner in charge of trade and customs in another Big 4 firm. For the past 18 years, he has been involved in projects aimed to optimise global supply chains, from indirect tax and customs perspectives, as well as customs compliance. His experience includes customs valuation, tariff classification, trade programmes, customs compliance audits, VAT optimisation, free trade agreements, and the implementation of technology solutions for customs optimisation. Juan's experience is focused on the automotive, tobacco, and manufacturing industries. Juan has a bachelor's degree in international business from the University of Guadalajara in Mexico and a diploma in trade and customs from the Monterrey Institute of Technology and Higher Education.

Juan Pizano

Deloitte Mexico

Paseo de la Reforma 505

Col. Cuauhtemoc

Del. Cuauhtemoc

Mexico City, 06500

Mexico

Tel: +52 55 5080 7315

Fax: +52 55 5080 6001

Email: jpizano@deloittemx.com

Website: www.deloitte.com/mx

Juan Pizano, Deloitte Mexico, is a customs and global trade partner based in Mexico City. He has been with Deloitte Mexico since 2015. Prior to joining Deloitte Mexico, Juan was the partner in charge of trade and customs in another Big 4 firm. For the past 18 years, he has been involved in projects aimed to optimise global supply chains, from indirect tax and customs perspectives, as well as customs compliance.

His experience includes customs valuation, tariff classification, trade programmes, customs compliance audits, VAT optimisation, free trade agreements, and the implementation of technology solutions for customs optimisation. Juan's experience is focused on the automotive, tobacco, and manufacturing industries.

Juan has a bachelor's degree in international business from the University of Guadalajara in Mexico and a diploma in trade and customs from the Monterrey Institute of Technology and Higher Education.

Jorge Sanchez
	Deloitte Mexico Rio Lerma 232 piso 9 Col. Cuauhtemoc 06500 Mexico City Mexico Tel: +52 55 50806496 Email: jsanchezhernandez@deloittemx.com Website: www.deloitte.com/mx Jorge Sanchez, Deloitte Mexico, is a tax partner based in the Mexico City office. He is a specialist in direct and indirect taxes. He is a CPA graduate from the National Autonomous University of Mexico. Jorge has worked with companies from all kinds of industries (mining, oil and gas, railroad, communications, media, etc.) and all kinds of activities (manufacturing, commercial, real state, services). His clients include local corporations and subsidiaries or branch of foreigner entities. He has wide experience in international transactions. Jorge has experience in tax consulting and tax compliance for the past 30 years. During all this time he has worked in international accounting firms. He has been involved in many M&A transactions, due diligence, restructuring, rulings, compliance projects, etc. In recent years, Jorge has participated in different cross-border restructurings, coordinating with several countries. He is the author of several tax analyses published in accountancy publications. Jorge has been a speaker at several institutions, universities and other organisations regarding tax matters. Jorge is a member of the Mexican Accountants Institute, member of the Mexican Accountants College, and has been a member of its Tax Commission from 1997 to 2005 and vice president from 2004 to 2006. He is a former member of the board. He is also a member and former president of the Mexican Tax Academy from 2002 to 2004.

Jorge Sanchez

Deloitte Mexico

Rio Lerma 232 piso 9

Col. Cuauhtemoc

06500 Mexico City

Mexico

Tel: +52 55 50806496

Email: jsanchezhernandez@deloittemx.com

Website: www.deloitte.com/mx

Jorge Sanchez, Deloitte Mexico, is a tax partner based in the Mexico City office. He is a specialist in direct and indirect taxes. He is a CPA graduate from the National Autonomous University of Mexico.

Jorge has worked with companies from all kinds of industries (mining, oil and gas, railroad, communications, media, etc.) and all kinds of activities (manufacturing, commercial, real state, services). His clients include local corporations and subsidiaries or branch of foreigner entities. He has wide experience in international transactions.

Jorge has experience in tax consulting and tax compliance for the past 30 years. During all this time he has worked in international accounting firms.

He has been involved in many M&A transactions, due diligence, restructuring, rulings, compliance projects, etc. In recent years, Jorge has participated in different cross-border restructurings, coordinating with several countries.

He is the author of several tax analyses published in accountancy publications. Jorge has been a speaker at several institutions, universities and other organisations regarding tax matters.

Jorge is a member of the Mexican Accountants Institute, member of the Mexican Accountants College, and has been a member of its Tax Commission from 1997 to 2005 and vice president from 2004 to 2006. He is a former member of the board. He is also a member and former president of the Mexican Tax Academy from 2002 to 2004.