Tax
On October 12th, 2023, a Decree (the "Decree") entered into force establishing corporate income tax ("IT") incentives for taxpayers seeking to optimize their operations by relocating part of their production to any municipality in Mexico…
Client Alerts
Tax
On August 4, 2023, the “Protocol Amending the Agreement Between Mexico and Germany for the Avoidance of Double Taxation and Tax Evasion with respect to Taxes on Income and Capital” ("the Protocol") was published in…
Employment and Labor
It was recently reported that Mexican mining union “Sindicato Nacional Minero Metalúrgico Frente” (the “Union”), obtained a favorable ruling in a constitutional (“amparo”) procedure against the cap on the amount payable as Employees’ Profit Sharing…
ESG – Sustainable finance
On June 19, 2023, the Ministry of Foreign Affairs published the decree promulgating the Convention, and with it the 206 ILO Recommendation becomes enforceable, which establishes complementary provisions to the Convention. This is a meaningful…
Employment and Labor
Please be informed that on June 8, 2023, the Ministry of Labor and Social Welfare published in the Official Gazette of the Federation, the Mexican Official Standard NOM-037-STPS-2023 in connection with health and safety conditions…
Environmental
On March 16th, the Ministry of Finance and Public Credit (Secretaría de Hacienda y Crédito Público, SHCP), issued the first edition of the Sustainable Taxonomy for Mexico (Taxonomy)
Tax
On March 15, 2023, the Second Chamber of the Mexican Supreme Court of Justice approved binding case law, derived from conflicting criteria between two Circuit Courts under docket 413/2022, through which it determined that offsetting…
Tax
As reported in prior communications, Mexico has completed its internal procedures to adopt the OECD´s MLI. The MLI was approved by the Mexican Senate on October 12, 2022 and published in the Official Gazette on…
Consumer Products
On February 13, 2023, a Decree (the "Decree") was published in the Federal Official Gazette (the "Gazette") establishing the actions to be taken by the agencies of the Federal Public Administration in connection with the…
Employment and Labor
Please be informed that on February 3, 2023, an amendment to the General provisions for the registration of individuals or legal entities that provide specialized services or execute specialized works (in accordance with the Federal…