Grupo Herdez informs about tax resolutions

Mexico City, September 8, 2021 – Grupo Herdez, S.A.B. de C.V. (“Grupo Herdez” or the “Company”) (BMV: HERDEZ) informs:

  1. In the annual report of April 22, 2021, in the Audited and Consolidated Financial Statements, as well as in the most recent quarterly restatement on July 22, 2021, the company informed about tax assessments determined to Nutrisa, S.A. de C.V. for the fiscal years of 2014, 2015 and 2016 related to a unilateral change in the interpretation of the law by the tax authority with respect to the application of the 0% rate of the Value Added Tax in the sale of yogurt ice creams and popsicles.
  2. In this regard, the Servicio de Administración Tributaria (“SAT” “Tax Administration Service”) confirmed the tax assessments through official resolutions dated August 26 and 27, 2021, which were notified on the 27th of the same month and year. The amounts involved are $310’992,079.00 for 2014, $388’451,717.00 for 2015, and $280’450,157.00 for 2016, for a total amount of $979’893,953.00 (NINE HUNDRED SEVENTY-NINE MILLION, EIGHT HUNDRED NINETY-THREE THOUSAND, NINE HUNDRED FIFTY-THREE PESOS 00/100).
  3. Once we analyzed such resolutions and prior consultation with our advisors, the Company considers that the 0% rate of the Value Added Tax shall be the rate applicable to yogurt ice creams and popsicles, as they are frozen food.
  4. Since this is a unilateral change of interpretation and application of the law by SAT, Herdez will file a Juicio de Resolución Exclusiva de Fondo before the Tribunal Federal de Justicia Administrativa (“Federal Court of Administrative Justice”).
  5. This trial grants the benefit that no guaranty of such tax assessment amounts is required in accordance with applicable law.
  6. The Company reaffirms its commitment to the application of the Law and has properly complied with its tax obligations.

2020

2020

  • 2020: In collaboration with La Costeña® and Sanfer®, we delivered 35,000 basic food baskets to benefit more than 175,000 Mexicans affected by the COVID-19 health contingency.

    We launched the first edition of Semillero Nutrisa®, a program to support Mexican women entrepreneurs to participate in a training and business development program.

  • 2021: We became the first consumer company in Latin America to partner with Google, a global technology giant, to accelerate our digital transformation. 

    We signed an agreement with the American company General Mills® to distribute their products in Mexico, with which we entered the categories of cereal bars and prepared dessert flours.


    We celebrated the 80th anniversary of Doña María® mole with the inauguration of Casa Doña María Pons, headquarters of Fundación Herdez® in San Luis Potosí.

    We were placed in the report “Mexican Companies for the 2030 Agenda in the Decade of Action” of the Global Compact, for the actions of the Saber Nutrir® program as a reference practice to achieve Zero Hunger, one of the 17 Sustainable Development Goals of the UN.

  • 2022: We acquired Interdeli and Deli, Dips & Snacks, expanding our capabilities to new categories such as hummus, cheeses, and dips, integrating brands such as Libanius, Flaveur, Liguria, and Señor Cactus into our portfolio.

    For the first time in our history, we brought the best of Mexican cuisine to the United Kingdom with the Herdez® brand, through a joint alliance with McCormick & Company, Inc.

    We issued the first sustainability-linked bond in the food industry in Mexico, committing to reduce our water consumption per ton produced by 2030.

    We signed the United Nations Women’s Empowerment Principles (WEPS), reaffirming our commitment to gender equality.

    We joined the UN’s CFO Coalition for the SDGs, which drives the transformation of corporate finance to achieve the goals of the 2030 Agenda.

    We joined the Pacto por la Comida of the BAMX Network, an initiative that promotes more sustainable food production and consumption systems, with the goal of reducing Food Loss and Waste in the industry.

  • 2023: We consolidated the integration of Chilim Balam® into the Impulse segment portfolio, with which we positioned ourselves in the candy and snack category in the retail model.

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