We remind you that the submission of the risk premium declaration to the Mexican Social Security Institute (“IMSS”) is a mandatory procedure that must be completed no later than the last day of February. It is important to consider that illnesses or accidents suffered by workers during the reported year can have an influence in…

Dear clients and friends: This alert outlines one of the key obligations for expatriates in Mexico: notifying the National Institute of Migration of any changes in their marital status, nationality, address, or employer. This notification must be made within ninety days following the occurrence of such change. The above is based on and supported by…

On January 13, 2025, before the public and private sectors of Mexico, the President of the Republic, Claudia Sheinbaum Pardo, announced the plan named “Plan Mexico”. Its objective is to strengthen the Mexican economy in the face of the challenges posed by both the inauguration of the new United States government and the complex international economic context, by promoting investment and…

Dear Clients and Friends: On January 21, 2025, the “Decree granting tax incentives to support the national strategy called ‘Plan Mexico’ to promote new investments that encourage dual training programs and boost innovation” was published in the Official Gazette of the Federation (“DOF”), which became effective on January 22, 2025 (“Decree”). The Decree eliminates the…

In accordance with the labor reform published on April 23, 2021, the outsourcing of personnel was prohibited and only the outsourcing of specialized services or execution of specialized works is allowed for companies registered before the Ministry of Labor and Social Welfare (STPS) as Specialized Service Providers (REPSE). The registration of each company, according to…

Please note that June 1, 2025, will be a mandatory day off. On this day, for the first time, Mexico will hold ordinary federal elections to directly elect Ministers, Magistrates, and Federal Judges. The legal basis for this mandatory day off is found in Article 96 of the Political Constitution and Article 74, Section IX…

Dear clients and friends: January 9, 2025, the 4.21% update to the values of the Unit of Measurement and Update (UMA) was published. The National Institute of Statistics and Geography (INEGI) announced the daily, monthly, and annual value of the UMA effective as of February 1, 2025, according to the following: YEAR    DAILY    MONTHLY    ANNUAL…

Dear Clients and Friends, On December 19, 2024, the Executive Branch published a decree in the Official Gazette of the Federation through which new measures are proposed to address the ongoing water crisis in Mexico. According to the Executive Branch, it is necessary to establish new measures that involve the participation of all three levels…