MULTILATERAL AGREEMENT FOR AUTOMATIC EXCHANGE OF TRANSFER PRICING DOCUMENTATION

Publicada en Deja un comentarioPublicada en English, Tax Law

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. […]

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

Publicada en Deja un comentarioPublicada en English, Migration

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 […]

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

Publicada en Deja un comentarioPublicada en English, Institutional Law

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 […]

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 Deja un comentarioPublicada en English, Institutional

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 […]

BACK PAY OF 12 MONTHS FOR LABOR CLAIMS DEEMED CONSTITUTIONAL BY SUPREME COURT

Publicada en Deja un comentarioPublicada en English, Institutional

The Second Chamber of the Supreme Court of Justice deemed Constitutional the back pay cap of 12 months for labor claims. This was made after reviewing two opposing resolutions issued by two different Circuit Courts, namely the resolutions issued by the 16th Labor Court of the First Circuit and the 1st Labor Court of the […]

FEDERAL ACT TO PREVENT AND PUNISH CRIMES ON HYDROCARBONS MATTER

Publicada en Deja un comentarioPublicada en Criminal, English

On January 12, 2016, the Federal Act to Prevent and Punish Crimes on Hydrocarbons matter was published in the Official Gazette of the Federation (hereinafter the Act) as well as various amendments to the Federal Criminal Code, Federal Criminal Proceedings Code, National Criminal Proceedings Code, Tax Code of the Federation, the Federal Forfeiture Act and […]

OBTAINING OF TRAVEL CARD (ABTC) FOR BUSINESS VISITORS OF APEC

Publicada en Deja un comentarioPublicada en English, Migration

On January 5 2016, the Ministry of Interior announced through the publication within the Federal Official Gazette, the Agreement by virtue of which the provisions of the Procedures and Guidelines for immigration proceedings are supplemented and amended, with regards to the obtaining of the Travel Card for Business Visitors (ABTC for its acronym in English) […]