Dear clients and friends, What happened at General Motors? Here is a simple explanation: The Union called for a vote to carry out the legitimization of the Collective Bargaining Agreement (CBA), obtaining the majority of votes. Under the USMCA, the U.S. Government filed a complaint, alleging diverse irregularities in the voting process and, as a…
On August 16, COFECE announced that it sanctioned several companies and individuals for colluding in the drug distribution market The sanctions include fines totaling 903 million 479 thousand pesos, as well as the suspension of 10 individuals who, when acting in the name and/or on behalf of the companies sanctioned, may not act as directors,…
Dear clients and friends, On August 13, the Ministry of Economy published in the Official Gazette of the Federation a new agreement for the interpretation, application, and administration of Chapters 4, 5, 6 and 7 of the USMCA (“Regulations”), regarding the following: _Rules of origin _Origin procedures _Textile and apparel goods _Customs administration and trade…
As a follow up to the effective income tax rates for large taxpayers, on August 1 the Tax Administration Service published a second document with the reference parameters for 84 economic activities in addition to the 40 previously published. Such activities belong, among others, to the following sectors: Fuel trade Construction of hydraulic, electric power,…
Dear clients and friends, On Saturday, July 31, the Ministry of Labor and Social Security (“Ministry”) published in the Official Gazette of the Federation a decree extending the entry into force of several provisions regarding the new scheme for outsourcing in Mexico (“Decree”). Under the Decree, compliance of several tax, labor and social security provisions…
In order to guarantee the supply of medicines in Mexican territory, the Ministry of Health published on June 22th an agreement that established the equivalence of certain requirements and evaluation processes carried out abroad for the concession of sanitary records for several health supplies. This equivalence includes requirements like the certification of production processes, free…
As of the amendment to the Federal Labor Law of April 23th, 2021, any person who provides subcontracting services must register in the Public Registry of Specialized Services or Specialized Works Contractors. The guidelines and bases of operation of this registry, published on May 24th in the Official Gazette of the Federation, can be consulted…
Following the amendment on outsourcing of personnel, published in the Official Gazette of the Federation last April 23th, and in order to clarify doubts regarding the concept of specialized services contemplated therein, the Procuraduría de la Defensa del Contribuyente (PRODECON) published the ” Recommendations for the outsourcing of specialized services or execution of specialized works”….
As a result of the amendments made to the Income Tax Law, Value Added Tax Law and Federal Tax Code -published in the Official Gazette of the Federation on December 8th, 2020- SAT released the “Effective Income Tax Rates for Major Taxpayers” last June 13th in order to evaluate the tax risk of 40 economic…
On May 31, the Decree amending, adding, and repealing several provisions of the Health Supplies Regulation was published in the Official Journal of the Federation. The Decree entered into force the day after its publication. The Decree is aimed to expedite several proceedings, achieve greater health surveillance and strengthen global innovation. The most relevant aspects…