UMA Value 2017

On December 30, 2016, the Decree issuing the Law to Determine the Value of the Unit of Measure (“UMA”) was published in the Official Gazette of the Federation (“DOF”), and entered into force on December 31, 2016.
For More Information On UMA Value 2017

On December 30, 2016, the Decree promulgating the Law to Determine the Value of the Unit for Measurement and Adjustments (“UMA”) was published in the Official Gazette and entered into force on December 31, 2016.

This Law establishes the way in which the National Institute of Statistics and Geography (“INEGI”) must determine the value of the UMA.

According to this Law, every obligation determined in UMA will be considered as a determined amount and will be paid in the currency of legal tender. Such is the case of the legal cap of the social security contributions.

The INEGI will publish in the Official Gazette the daily, monthly and annual value of the UMA, within the first ten days of January of each year. Such values will enter into force on February 1 of each year.

Until the INEGI publishes such value, the UMA’s value will continue on $73.04 MXN.

Mexico City, on January 4, 2017.

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