English

MULTILATERAL AGREEMENT FOR AUTOMATIC EXCHANGE OF TRANSFER PRICING DOCUMENTATION

Publicada en

On January 27, 2016, 31 Countries1 (among them Mexico) signed the Multilateral Competent Authority Agreement for automatic exchange of Country-by-Country reports (the “Agreement”) to be received from their taxpayers as part of the implementation of Action 13 of the Base Erosion and Profit Shifting Action Plan issued by the Organisation for Economic Co-operation and Development. […]

English

THE HOUSE OF REPRESENTATIVES ENDORSES THE INCREASE OF TERMS STAY FOR FOREINGNERS IN NATIONAL TERRITORY AS REGIONAL VISITORS

Publicada en

The House of Representatives through the Committee on Immigration Issues, approved the amendment of Article 52, section III of the Immigration Act. The amendment intends to enhance the period of legal stay from 3 days (which was granted previously), to 7 days, for those foreign nationals holders of a Regional Visitor Card (TVR, for its […]

English

EXECUTIVE ORDER THROUGH WICH SEVERAL DISPOSITIONS OF THE FEDERAL CONSTITUTION REGARDING THE POLITICAL AND ADMINISTRATIVE NATURE OF MEXICO CITY WERW AMENDED

Publicada en

On January 29, 2016, an executive order that amends the Federal Constitution regarding the political and administrative nature of Mexico’s City, was published in the Federal Official Gazette. This executive order came into force on the date immediately following its publication in the Federal Official Gazette. Mexico City will be a federal state with own […]

English

IN MEXICO THE UNIT OF MEASURE AND ACTUALIZATION REPLACES THE MINIMUM SALARY AS A SCALE FOR THE PAYMENT OF PENALTIES, PUBLIC BUDGETS AND OTHER OBLIGATIONS

Publicada en

Various provisions of the Mexican Constitution were amended to replace the Minimum Salary for the Unit of Measure and Actualization (“UMA”) as a unit of account, index, base, measure, and reference. The following features should be highligted: The National System of Statistical and Geographical Information will determine the value of the UMA, which will be […]

Energy

IMPI: AMENDMENT TO SERVICES RATES

Publicada en

As of January 1, 2016, the new rates for services provided by the Mexican Institute of Industrial Property are on full force and effect. Due to the fact that the last amendment to the rates was on October 1, 2010, the need to update and adjust them was required. Therefore, the amendment to the amounts […]