Name: Registration:

VGuillermo Alejandro Sulub Frías 2814144

Course name: Teacher’s name:

Doing Business in Europe and Asia

Module 1 Assignment 2

Date: January 30, 2020

Bibliography:

 Europa.eu. (2018). Company tax in the EU – Sweden. January 28, 2020, de

Europa.eu Sitio web: https://europa.eu/youreurope/business/taxation/business-
tax/company-tax-eu/finland/index_en.htm
 Europa.eu. (2018). Company tax in the EU – Finland. January 29, 2020, de
Europa.eu Sitio web: https://europa.eu/youreurope/business/taxation/business-
tax/company-tax-eu/finland/index_en.htm
 Duarte, E. (2015). ESTAS SON LAS EMPRESAS GANADORAS DEL
PREMIO NACIONAL DE EXPORTACIÓN. Enero 28, 2020, de T21 Sitio
web: http://t21.com.mx/logistica/2015/10/02/estas-son-las-
empresas-ganadoras-premio-nacional-exportacion

Mexico has already signed a free-trade agreement with the European Union,
but we still have a significant trade deficit with that economic bloc. What kind
of opportunities are Mexican businesses missing there?
 Check the following web tool: Practical guide to doing business in
Europe 
 Browse along and find the requisites for imported goods into the
European Union regarding consumer guarantees; take note of those
imposed by Sweden and Finland.
EU-wide standards and technical specifications exist for a number of product
categories. You must ensure your products comply with any relevant EU rules
before they can be traded freely in the EU.
 Where no EU-wide rules exist, different specifications might apply in different
EU countries. In such cases, you must only comply with the rules valid in your
EU country.
EU law sets essential requirements to ensure products traded in the EU meet
high health, safety, and environmental standards.
Requirements can cover:

 the product itself: for example flammability, electrical properties or hygiene

 the product's manufacturing process
 the product's performance: for example, its energy efficiency.

In most cases, the law defines the results to be achieved or the hazards to be
dealt with, but it does not specify technical solutions.

Sometimes harmonised standards can help you demonstrate conformity with

the law.

European standards are adopted by one of the 3 European standardisation

organisations (ESOs):

 European Committee for Standardisation

 European Committee for Electrotechnical Standardisation
 European Telecommunications Standards Institute
At national level, standardisation is managed by national standardisation
bodies (NSBs) who adopt and publish national standards. The NSBs also
transpose all European standards as identical national standards and withdraw
any conflicting national standards.

Sweden
The company tax rate for Sweden is 21.4%.

When you set up your business entity, you should ensure that you do the
following:

 Register for company tax - Registering a business for tax purposes differs

depending on if you are currently operating a business abroad that you want to
establish in Sweden, or if you are starting a new business in Sweden.
 Keep accounting records - All businesses are obliged to maintain
accounting records regardless of the type of company and scope of the
business.
 Prepare a company tax return - A company who is liable to pay company
income tax in Sweden is required to pay preliminary tax during the taxable year.
To calculate how much tax is payable, the company must submit a preliminary
tax return. The Swedish Tax Agency then calculates the preliminary tax and
notifies the company on how much tax should be paid each month.
 File your company tax return by your deadline - The company income
tax return must be filed yearly, six months after the end of the fiscal period.
 Pay company tax by your deadline - Everyone, regardless if you are a
legal person or an individual, who has to pay any form of tax to the Tax Agency
is assigned a tax account.  The tax account summarizes your tax payments,
your preliminary tax as shown by income statements and your final tax as
shown by your final tax statement. Generally, the due date for payment of your
preliminary tax is either on the 12th of each month. Although on January and
August, the due date is on the 17th. Payment must be registered in the Tax
Agency's bank giro account on that day.

Finland
The company tax rate for Finland is 20%. 
When you set up your company, you should ensure that you do the following:

 Register for company tax 

 Keep accounting records Accounting ABC
 Prepare a company tax return 
 Apply for an advance tax rate Advance tax must be paid on commercial
activities, agriculture, or other income-generating activities, such as income
from rentals and capital gains. Advance payment of taxes means the Finnish
Tax Administration sets the tax to be paid by companies and corporations in
advance. 

 Look for three Mexican companies from different industries that could
export to these two countries, and justify your selection.

Skyworks Solutions de México, S. de R.L. de C.V.

Skyworks Solutions de México, S. de R.L. from C.V. It is a world leading
company at the forefront, empowering communication
wireless through the development of semiconductors used in the Medical,
Military and Telecommunications Industry.
 It is a foreign company, located in Mexicali, Baja California. It belongs to the
industrial manufacturing sector. Its main products are integrated circuits for
wireless communications.
In 2014, it exported to countries such as the United States, Taiwan, Hong
Kong, Sweden, India, China, Finland, Korea, Japan, Brazil, Holland,
Germany, Malaysia, among others, for more than 30 billion pesos.

Jova Graneros
It is a Mexican company, located in Culiacán, Sinaloa. It belongs to the
Commercial sector. It is dedicated to the export of White Chickpea Sinaloa
type Kabuli.
In 2014, it exported to several countries including Saudi Arabia, Algeria,
Bahrain, Brazil, Cyprus, Sweden, France, Greece, India, Italy, Israel, Jordan,
Peru, Portugal, Finland, among others, for about 614 million pesos. It has
255 employees.

Forza Global Solutions

A Mexican company located in Jiutepec, Morelos. It belongs to the
manufacturing sector and is dedicated to the export of protection systems for
automotive assembly lines.
In 2014, it exported to the United States, Venezuela, Russia and Canada for
around four million pesos. It has 35 employees.

 Write three memos addressed to the CEO of each company regarding

applicable consumer guarantees and the additional services they must
offer and comply with. Be concise.

Villahermosa, Tabasco January 29, 2020.

MEMORANDUM (1)

Lic. Manuel García Villegas

CEO of Skyworks Solutions de México, S. de R.L. de C.V.

Subject: Information for export to Sweden and Finland

You are a highly innovative company that is revolutionizing wireless networks

and due to its presence in the country and in Asia and Europe, I want to
recommend that you should export your product to the countries of Sweden and
Finland, as we have an agreement with the European Union and it would
benefit him to position himself in the country and revolutionize
telecommunications in both countries.

Next I will inform you about the taxes and requirements that each country
handles:

The company's tax rate for Finland is 20%.

You should be sure to do the following:

 Register for company tax

 Keep accounting records Accounting ABC
 Prepare a company tax return
 Apply for an advance tax rate Advance tax must be paid on commercial
activities, agriculture, or other income-generating activities, such as income
from rentals and capital gains. Advance payment of taxes means the
Finnish Tax Administration sets the tax to be paid by companies and
corporations in advance.

The company's tax rate for Sweden is 21.4%.

You should be sure to do the following:

 • Register for corporation tax

• Maintain accounting records

• Prepare the company's tax return.

• File your company's tax return before the deadline

• Pay company taxes before the deadline

Finland and Sweden are the countries with the most use in wireless networks,
where it has 132 subscriptions per 100 inhabitants

Hoping that you consider taxes and the advantages of exporting to those two
countries, I am at your service.

Sincerely
Guillermo Alejandro Sulub Frías
Logistics consultant

Villahermosa, Tabasco January 29, 2020.

MEMORANDUM (2)

Lic. Joel Valenzuela Romero

CEO Jova Graneros

Subject: Opportunity to expand to countries such as Finland and Sweden

Jova Graneros is an organization that is dedicated to financing, cooping, storage,

conservation, processing, commercialization and transportation of superior quality
grains
Therefore, we can say that the consumer demands high safety standards, wants to
know the maximum product and, above all, what is said is the truth (about the
nutritional characteristics, the production techniques used, etc.).
What better reason than to recommend exporting chickpea or corn to Finland and
Sweden to implement the advantage of the trade agreement we have with the
European Union.
The company's tax rate for Finland is 20%.
The company's tax rate for Sweden is 21.4%.
You should be sure to do the following:
• Register for company tax
• Keep accounting records Accounting ABC
• Prepare a company tax return
• Apply for an advance tax rate Advance tax must be paid on commercial activities,
agriculture, or other income-generating activities, such as income from rentals and
capital gains. Advance payment of taxes means the Finnish Tax Administration
sets the tax to be paid by companies and corporations in advance.

Waiting and putting into practice the taxes and advantages of exporting to these
two countries, I am at your service.

Guillermo Alejandro Sulub Frías

Logistics consultant

Villahermosa, Tabasco January 29, 2020

MEMORANDUM (3)

Lic. Guillermo Terrones

CEO of Forza Global Solutions

Subject: Car body for Finland and Sweden

We know that your company is a manufacturer of automobile body protection
systems and that it has based its success on innovation, better understanding the
needs of its customers and working closely with them to develop solutions, so it
should expand to countries such as Sweden and Finland, countries that need auto
parts suppliers.

You should take into account that we currently have a free trade agreement with
the European Union so you should take advantage of the following taxes:

The company tax rate for Finland is 20%.

 Register for company tax

 Keep accounting records Accounting ABC
 Prepare a company tax return
 Apply for an advance tax rate Advance tax must be paid on commercial
activities, agriculture, or other income-generating activities, such as income
from rentals and capital gains. Advance payment of taxes means the
Finnish Tax Administration sets the tax to be paid by companies and
corporations in advance

The company tax rate for Sweden is 21.4%.

 Register for company tax

 Keep accounting records
 Prepare the company's tax return
 File your company tax return by your deadline
 Pay company tax by your deadline

Waiting for you to take into account the taxes and the advantages of exporting to
these two countries, I remain at your command

Attentively

Guillermo Alejandro Sulub Frías

Logistics consultant