Dear clients and friends, On April 23, 2021, the Official Journal of the Federation published in its evening edition the Decree amending, adding and repealing several provisions of the Federal Labor Law (LFT, in Spanish), Social Security Law (LSS, in Spanish), Law of the National Housing Institute Fund for Workers (LINFONATIV, in Spanish), Federal Tax…

Dear clients and friends, Today April 20, 2021, the Senate of the Republic approved the Project of a Decree to amend, enact and repeal a number of provisions on outsourcing practices within the Federal Labor Law (LFT, in Spanish), Social Security Law (LSS, in Spanish), Law of the National Housing Institute Fund for Workers (LINFONATIV,…

Dear clients and friends, On March 30, a Decree amending and adding article 90 of the Federal Labor Law was published in the Official Gazette of the Federation (“Decree”). Aside from incorporating a more inclusive language in its wording, the most relevant amendment to article 90 is the addition of a fourth paragraph providing that…

Dear clients and friends, As a consequence of recent reforms to the Federal Tax Code (“FTC”), applicable as of January 1st, 2021, we would like to point out a few relevant topics: Joint responsibility Spin-off: With the intention of eliminating cases where the original entities transmit to the spun-off entities values that were inexistent before…

Dear clients and friends, On March 11, the Official Gazette of the Federation published the Decree amending and adding several provisions of the Mexican Constitution regarding the Federal Judiciary (“Decree”), which entered into force the following day. The judiciary reform is aimed at strengthening the role of the Supreme Court (SC) as a constitutional court…

Dear clients and friends, As we informed you in our bulletin sent in February of last year concerning the tax reform, on December 9, 2019 the “Decree that reforms, adds and eliminates several provisions of the Income Tax Law, the Value Added Tax Law, the Special Tax on Production and Services Law and the Federal…

Dear clients and friends, On March 9, the Federal Official Gazette published the Decree amending and adding several provisions of the Electricity Industry Law (“Decree”). Although the Decree was due to enter into force on the day following its publication, it was temporarilly injucted two days later, as will be explained below, and definitively injucted…

Dear clients and friends, On February 26, 2021, the Federal Consumer Protection Agency (Procuraduría Federal del Consumidor), in coordination with the Ministry of Economy (Secretaría de Economía), published the Ethics Code for Electronic Commerce (the “Ethics Code”), establishing the guidelines, values and principles that every supplier of goods and services through electronic means must observe…

Dear clients and friends, As a consequence of recent reforms to the Federal Tax Code, as of January 1st, 2021, taxpayers will have to additionally conserve as part of their accounting records, during the entire time in which the respective entity or agreement subsist, the following documentation: – In the case of shareholders’ meeting minutes…

Dear clients and friends, Through RULING dated January 26, 2021, issued by the Minister of Finance and Public Credit, published in the Federal Official Gazette on February 2, 2021, it is established that tax advisors or taxpayers will not be obligated to reveal the reportable transactions provided in Fractions II to XIV of Article 199 of…

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