Dear Clients and Friends, On December 28th, 2018, the Federation’s Income Law for 2019 was published in the Federation’s Official Gazette, from which it can be concluded, with regard to the compensation of favorable tax balances, that as of January 1st, 2019: Taxpayers will no longer be able to make the compensation against the amounts…
Dear Clients and Friends, As we pointed out in our last Legal Alert, the Official Gazette of the Federation (DOF) published on December 26th, 2018, the Resolution of the National Minimum Wages Commission (CONASAMI) that sets the general and professional minimum wages in force as of January 1st, 2019. The resolution determines that the main…
Dear Clients and Friends, The National Commission on Minimum Wages determined the following increases, effective as of January 1st, 2019: General Minimum Wage (exclusively): A daily increase in the amount of $9.43 (nine pesos 43/100) Mexican Pesos, through the increase of the Independent Recovery Amount (MIR, per its acronym in Spanish). An additional increase of…