Effective as of the 1st of January 2022, Mexican tax legislation provides for new obligations binding: (i) Mexican companies, (ii) all parties to trusts (fideicomisos); (iii) all parties and members of other legal arrangements; (iv) professionals such as notaries, public brokers and other persons participating in the incorporation of companies, in the creation of trusts…
Dear Clients and Friends, On January 1, 2022 the following ecological taxes went into effect in the State of Queretaro: 1) Tax for Environmental Remediation in the Extraction of Materials This tax must be paid by individuals, legal entities and economic units that extract non-metallic materials from the soil and subsoil in the State of…
Dear Clients and Friends: 25 years ago, a provision was included in the Income Tax Law (“IT Law”) which permits tax authorities to recharacterize as dividends the interest paid by a taxpayer, when it is derived from “back-to-back credits”. One of the effects of this recharacterization is the rejection of the deduction taken for the…
In terms of the labor reform, published in the Federal Official Gazette on May 1, 2019 (“Labor Reform”), the local conciliation centers were to begin operating in three stages, two of which are already completed. As for the third, scheduled for May 1, it comprises the following states: Ciudad de México Coahuila Chihuahua Jalisco Michoacán…
Last January 10, the Official Gazette of the Federation published an update of the Mexican Measurement and Updating Unit (UMA), which is used to determine the amount of fines, penalties, contributions and obligations established in federal and local laws. These amounts, effective as of February 1, 2022, are as follows: Daily value: $96.22 pesos Monthly…
In response to the increase in COVID-19 virus infections and the high transmissibility of its Omicron variant, IMSS reactivated the COVID-19 Permit so that workers can process their temporary disability online. In case of presenting symptoms, the worker must answer a questionnaire, available in the IMSS portal, and attach an official ID and a photograph,…
Through agreement published on December 8 in the Official Gazette of the Federation, the National Institute of Copyright (INDAUTOR) set forth the legal framework for the online filing, processing, and resolution of applications for the registration and copyright of original works. The purpose is to facilitate the processing of these filings by electronic means. The…
2022 will be a year of challenges and threats in labor and compliance matters, due to the following factors: 1.- New labor model: a) The processing of individual lawsuits will be done before the new Labor Courts and under a new procedure. b) All collective matters in the Republic will no longer be handled by…
Dear Clients and Friends, As part of the tax reform for 2022, published in the Official Gazette of the Federation on November 12, the Tax Administration Service (TAS) announced, through its website, several new requirements for electronic invoices, applicable from the coming year, as follows: Under the heading “Electronic Invoice Update”, the SAT describes the…
Dear Clients and Friends, The National Commission on Minimum Wages determined the following increases, effective as of January 1st, 2022: General Minimum Wage: The new Minimum Wage will be $172.87 MXP Northern Border Free Zone: The new Minimum Wage for this zone will be $260.34 MXP. If you need further information feel free to contact…