Dear Clients and Friends, On June 4th, 2019, the Federal Official Gazette published the Decree adding a number of provisions to the Social Security Law (LSS), the Law of the Institute of Security and Social Services of State Workers and the Federal Labor Law (LFT), which will be in force as of June 5th of…
Dear Clients and Friends, The Ministry of Finance and Public Credit, through the Financial Intelligence Unit, can include in the Blocked Persons List any person that incurs in any of the cases set forth in the applicable legal provisions. The consequence of including a person into the Blocked Persons List is that all financial entities…
Dear Clients and Friends, On April 29th, 2019, the Chamber of Senators approved the Decree amending, adding and repealing a number of provisions of the Federal Labor Law (LFT, in Spanish). It is expected that this Decree will be published in the DOF (Federation Official Gazette) on May 1st, 2019. The following are some of…
Dear Clients and Friends, On march 1st., 2019, the judicial Official Gazette published a new mandatory jurisprudence issued by the Second Chamber of the Supreme Court stating that the payment of interest obtained from a refund of a favorable tax balance or from taxes unduly paid shall be considered as accruable income for purposes of…
Dear Clients and Friends, The Local Labor Board of Mexico City has informed that as of January 10th, 2019, the Area of Agreements out of trial will work by appointment to serve users who come before that Area to enter into, ratify and complete the Termination of an Employment Relationship. The aforementioned, without a doubt,…
Dear Clients and Friends, On January 10th, the Guidelines for the operation of the program Youth Building the Future were published, effective as of their publication. This program determines the following. OBJECT To regulate the operation of the program Youth Building the Future in the 32 states of the country. PURPOSE Provide job training opportunities…
Dear Clients and Friends, Today, January 10th, 2019, the values of the Measurement and Update Unit (UMA) valid as of February 1st, 2019 were published. In accordance with the procedure established in Article 4 of the Law to Determine the Value of the UMA, its value is updated as follows: The daily value will be…
Dear Clients and Friends, On December 28th, 2018, the Federation’s Income Law for 2019 was published in the Federation’s Official Gazette, from which it can be concluded, with regard to the compensation of favorable tax balances, that as of January 1st, 2019: Taxpayers will no longer be able to make the compensation against the amounts…
Dear Clients and Friends, As we pointed out in our last Legal Alert, the Official Gazette of the Federation (DOF) published on December 26th, 2018, the Resolution of the National Minimum Wages Commission (CONASAMI) that sets the general and professional minimum wages in force as of January 1st, 2019. The resolution determines that the main…
Dear Clients and Friends, The National Commission on Minimum Wages determined the following increases, effective as of January 1st, 2019: General Minimum Wage (exclusively): A daily increase in the amount of $9.43 (nine pesos 43/100) Mexican Pesos, through the increase of the Independent Recovery Amount (MIR, per its acronym in Spanish). An additional increase of…