THE REPRESENTATIVES OF THE NATIONAL WAGES COMMISSION BOARD UNANIMOUSLY RESOLVED TO INCREASE THE CURRENT MINIMUM WAGE AMOUNT IN MEXICO

Publicada en Deja un comentarioPublicada en English, Labor

On December 1st, 2016, the Labor and Social Security Ministry released through an informative note, that the representatives of the National Wages Commission Board (known as “CONASAMI”), in the performance of their duties and authority, unanimously resolved to increase the current minimum wage amount in Mexico to $80.04 pesos effective on January 1st, 2017. The […]

Updating of the Financial Intelligence Unit´s Interpretation on Outsourcing Matter

Publicada en Deja un comentarioPublicada en Administrative, Anti-Money Laundering Law, English

The Mexican Financial Intelligence Unit (“UIF” for its acronym in Spanish), of the Treasury Ministry issued an interpretation regarding Outsourcing matter. The UIF considered this kind of activity, outsourcing, as a Vulnerable Activity under the Federal Act to Prevent and Identify Illegally-Funded Transactions, and therefore, subject of identification and reporting obligations. To the query formulated […]

Financial Intelligence Unit´s Interpretation on Outsourcing Services

Publicada en Deja un comentarioPublicada en Administrative, Anti-Money Laundering Law, English

Recently, the Mexican Financial Intelligence Unit (“UIF” for its acronym in Spanish), of the Treasury Ministry issued an interpretation regarding Outsourcing services. The UIF considered Outsourcing Services as a Vulnerable Activity under the Federal Act to Prevent and Identify Illegally-Funded Transactions (“Act”) According to the referred interpretation, the render of independent professional services, on behalf […]

Federal Infrastructure Projects

Publicada en Deja un comentarioPublicada en Electricity, English, Renewable Energies

   1.          Communications and Transport.   Project Description Location Contractual Scheme Scope Estimated Investment Dates / Calendar Additional Information Construction of Mexico City’s New Airport. Texcoco, México. Public work contract. Construction of Main Passenger’s Terminal foundations. Not available. Publication of Bid Call/Terms: July 12th, 2016 Clarification meetings: July 22, 2016 Technical and […]

APA MAQUILA

Publicada en Deja un comentarioPublicada en English, Foreign Trade, Tax

On October 14, 2016, the Tax Administration Service (“SAT”) and its U.S. counterpart, the Internal Revenue Service (“IRS”), sent similar press releases to announce the culmination of two years of collaboration to establish a new transfer pricing procedure to avoid double taxation in the maquiladora industry. This new framework proposes to solve more than 700 […]

Senate´s Approval of Amendments to the Mexico´s Federal Constitution on the Administration of Labor Justice

Publicada en Deja un comentarioPublicada en English, Labor

Dear clients and friends, On Thursday October 13, 2016, the Senate approved on a full vote the proposed bill to amend Articles 107 and 123 of the Mexico’s Federal Constitution on the administration of labor justice. The relevant aspects of the bill are as follows: 1.- The Federal Conciliation and Labor Board will disappear and […]

Mexico´s Bill Proposal to Tax Donations and Inheritances

Publicada en Deja un comentarioPublicada en Advisory, English, Litigation, Tax, Tax Advisory

On September 6, 2016, a bill for amending certain provisions of the Mexican Income Tax Law was introduced by congressman Jorge Álvarez Máynez of the Movimiento Ciudadano party. The bill aims to tax inheritances and donations based on the amount of income received. For such, it proposes levying individual taxpayers with a progressive rate as […]

Trademark Watch Service in Mexico

Publicada en Deja un comentarioPublicada en English, Intellectual Property

Since Mexico is a member of the Protocol relating to the Madrid Agreement concerning the International Registration of marks, the applications that enter into examination in our country by designation made under said international agreement, do not have a legal representative in Mexico responsible of its prosecution procedure, including the new opposition stage. Considering the […]

PEMEX Tender Procedure CNH-R01-L04/2015

Publicada en Deja un comentarioPublicada en Electricity, English, Renewable Energies

In connection with the tender procedure CNH-R01-L04/2015 for exploration and extraction contracts in deep waters, on September 06, 2016, the Finance Ministry (“SHCP”) released the Minimum Values for Additional Royalties to apply in the economic proposals to be filed by bidders on December 05, 2016. Pursuant to the bidding guidelines for the above mentioned tender […]

Operation of the Trademark Opposition System in Mexico

Publicada en Deja un comentarioPublicada en English, Intellectual Property

In accordance to the recent reforms implemented in the Industrial Property Law, the Mexican Opposition System for the trademark registration procedure has come into force on August 30, 2016. This opposition procedure will not replace the substantive examination carried out by the Mexican Trademark Office during the prosecution of a trademark application, and said Authority […]