Dear Clients and Friends, On March 6, 2020, Mexico deposited its instrument of accession to the Geneva Act (1999) for its inclusion to the HAGUE CONVENTION for the International Registration of Industrial Designs, becoming the 74th Member. This International Treaty will enter into force on June 6, 2020 and, in accordance with it, Mexican inventors…
Dear Clients and Friends, The decree establishing a strategy for the reopening of social, educational and economic activities, as well as a system of traffic lights by region to evaluate weekly the epidemiological risk related to the reopening of activities in each state, as well as the establishment of certain extraordinary actions, was published today in…
Dear Clients and Friends, Through a statement published on March 5th on its website, the Mexican Stock Exchange (BMV) announced that in early April will launch, along with S&P Dow Jones Indices (S&P DJI), a new environmental, social and governance index (ESG) for the Mexican stock market, which will replace the current S&P/BMV IPS Sustainable…
Dear Clients and Friends, On March 13, the Treaty between Mexico and the United States of America (“T-MEC”) was ratified in Canada by the House of Commons, the Canadian Senate and the Governor General through the Royal Settlement. Therefore, ratification by Prime Minister Trudeau is the only step left for Canada to complete its internal processes of ratification, just…
Dear Clients and Friends, As a result of the health situation of COVID-19 in Mexico, various judicial and administrative bodies have determined the suspension of activities as a preventive measure to avoid or limit the spread of the virus, despite the fact that a health contingency has not yet been decreed by the Federal Government. Below,…
Dear Clients and Friends: As part of its policy to counter corruption, the Federal Executive issued the Law for the Promotion of Public Confidence (“LPPC”), aimed at reinforcing credibility in public institutions. Published in the Federal Official Gazette on January 20, the LPPC offers benefits and administrative advantages to entities and individuals who comply with…
Dear Clients and Friends, On February 18th, 2020, the Tax Administration Service (SAT, for its acronym in Spanish) published in the Federal Official Gazette (DOF, for its acronym in Spanish) the “RESOLUTION of Administrative Easements for the sectors of taxpayers indicated therein for 2020”, so that these taxpayers can adequately comply with their tax obligations. The taxpayers addressed…
Dear Clients and Friends, We have observed increased oversight by federal and state authorities regarding compliance with labor and social security regulations. In this year 2020, special emphasis has been placed over labor inspections regarding personnel outsourcing of own or third party (companies of the same Group -insourcing- or of third parties -outsourcing-). We suggest taking preventive measures…
Dear Clients and Friends, A Section IV was added to Artilce 1-A, first paragraph, of the Value Added Tax Law (“VATL”), which came into force on January 1, 2020, and provides the following: “Article 1-A.- Taxpayers that fall within the following cases are obligated to make a withholding of the tax that is transferred to…
Dear Clients and Friends: On January 28, the Official Journal of the Federation published an agreement of the Ministry of Health that allows the importation of medicines with or without sanitary registration into Mexico (“Agreement”), in order to prevent drug shortages and ensure the adequate provision of health services. According to the Agreement, which entered into force…