PROFIT SHARING LEGAL TERMS FISCAL YEAR 2017. Term: From January 1st to December 31st, 2017. Deadline: December 31st, 2017. FILING OF THE COMPANY´S INCOME TAX RETURN. Term: Within the three months that follow the end of the Fiscal Year. Deadline: March 31st, 2018. DELIVERY OF AN INCOME TAX RETURN COPY TO THE EMPLOYEES. Term: Within…

Dear Clients and Friends, Derived from the General Administrative Provisions issued by the Energy Regulatory Commission (“CRE”) and published on February 15th, 2018 in the Official Gazette of the Federation (“DOF”), users of natural gas whose annual consumption exceeds 5,000 GigaJoules (“Major Users”) must contract their gas supply directly from a commercialization company that is…

Dear Clients and Friends, On March 12th,2018, the Official Gazette of the Federation (DOF) published the Guidelines for the enforcement of the coercive measure imposed by the Federal Labor Public Prosecutor’s Office (PROFEDET by its acronym in Spanish), pursuant to the authority granted under Articles 530 Bis and 731 of the Federal Labor Law. The…

Dear clients and friends, On March 14th, 2018, the Official Gazette of the Federation published the official communication 500-05-2018-8128 of March 1st, 2018, issued by the Central Administrator of Strategic Inspection of the Tax Administration Service. This official communication lists taxpayers who have issued tax receipts without having assets, personnel, infrastructure or material capacity to…

Mexico exports 9% of United States’ Steel and Aluminum consumption. On March 1st, President Donald Trump stated his intention to increase the import duties for Steel to 25% and for Aluminum to 10%, for all countries. Until now, according to the extracts of the Section 232 reports of the Foreign Trade Department that were sent…

Dear Clients and Friends, Recently the Mexican Ministry of Finance has started to enforce an amendment made back in July 2017 to the Rule 2.4.20. of the Miscellaneous Tax Resolution, which now requires that the Powers of Attorneys of those legal representatives and/or attorneys-in-fact of Taxpayers (companies or persons) in charge of obtaining the Electronic…

Late last year, a project for the amendment of the Federal Labor Law was submitted to the Senators Chamber by two PRI (Institutional Revolutionary Party) Senators. The main items of this project are the following:. The creation of Labor Courts forming part of the Judicial Branch (the current Conciliation and Arbitration Boards form part of…

On January 10th, 2018, the Federal Official Gazette published an update of this unit. The following values were set: Daily Value Monthly Value Annual Value $80.60 Pesos $2,450.24 Pesos $29,402.88 Pesos These values shall be in force as of February 1st, 2018. For additional information, please refer to your usual contact at EC Legal Rubio…