The Tax Administration Service (hereinafter “SAT”, for its acronym in spanish) has been conducting a thorough review to ensure that companies seeking to obtain the VAT and IEPS Certification strictly comply with the requirements established in the current General Foreign Trade Rules (hereinafter the "RGCE", for its acronym in spanish).
Property tax is one of the annual tax obligations that individuals and entities owning real estate must fulfill. This tax is collected by municipalities, and its primary purpose is to contribute to the development and maintenance of local infrastructure.
On December 27, 2024, a reform and addition to the Tax Code of Mexico City were published in the Official Gazette, which now establish the following provisions:
With the implementation of the Corporate Transparency Act (CTA) in the United States, companies with operations or registration in the U.S. face new challenges in meeting tax and regulatory obligations.
This document aims to inform you of the inherent risks and responsibilities, particularly in relation to Mexico’s Beneficial Owner (BC) requirements.
Among the annual obligations of commercial, industrial, or service establishments, is the renewal of the corresponding municipal business license, as well as of advertisements, as applicable.
On December 10th, 2024, the Mexican Social Security Institute (IMSS) published in the Official Gazette (DOF) Criteria 03/2024/NV/SBC-LSS-27-VII, through agreement ACDO.AS2.HCT.281124/436.P.DIR.
This criteria establishes the rules for excluding attendance and punctuality bonuses from the contribution base salary (SBC by its acronym in Spanish). Its purpose is to serve as a guide for employers to avoid prohibited tax practices regarding social security matters and to correctly integrate such incentives.
With the beginning of the new six-year presidential term, the use of Artificial Intelligence (AI) to improve auditing processes, and the recent amendments to the Foreign Trade General Rules for 2024, we expect an increase of audits to customs and foreign trade operations.
Unanimous agreement between the Business Coordinating Council and the National Commission on Minimum Wages which establishes a 12% increase in the General Minimum Wages in force as of January 1st, 2025, in Mexico.
On September 15th, 2024, the Mexican government published a Reform that modifies and amends various provisions of the Constitution concerning the composition of the Judicial Branch. This Reform introduces substantial changes to the structure and performance of the Judicial Branch, among other significant amendments, resulting in a new legal landscape and a shift of scenario for both, domestic and international companies, seeking to operate or continue its operations in Mexico.
One of the most common grounds for terminating an employment relationship in Mexico arises when there is suspicion that an employee is under the influence of a drug or in a state of intoxication during working hours.
The purpose of “NOM-038-STPS-2024,” is to provide the classification of agricultural, forestry, sawing, silvicultural, hunting and fishing activities for identifying those tasks or jobs considered of lesser risk for underaged employees, which do not involve the use of chemicals, handling of machinery and heavy vehicles. In compliance with the provisions of article 176, section II, numeral 8 of the Federal Labor Law.
The “NOM-038-STPS-2024,” applies to all workplaces in the country that have employees over 16 years old and under 18 years old who carry out agricultural, forestry, sawing, forestry, hunting and fishing activities.
This NOM (Mexican Official Standard) applies to all work centers in the national territory that have employees over 16 years old and under 18 years old, who carry out tasks, activities or jobs in agricultural, forestry, sawing, forestry, hunting and fishing.
