For Mexican entities approving capital stock increases or decreases occurring December 31, 2020 or before, Article 30 of the Mexican Federal Tax Code provided that taxpayers were required to maintain records of all minutes and certificates relating to such transactions. However, beginning January 1, 2021, Mexican tax authorities now may require additional information from Mexican
February 2021
COVID-19 as an Occupational Illness under Mexican Law
By CCN Mexico Report™ on
In a December 15, 2020 session of the Technical Council of the Mexican Social Security Institute (“IMSS”), the Council issued decree number ACDO.AS2.HCT.151220/340.P.DPES authorizing the Mexican Department of Economic and Social Benefits “…to implement a proactive assessment strategy as to the work-related risks of employees of related companies who died or were left with…
Mexico Publishes Actions for the Gradual Reduction of Glyphosate and Transgenic Corn
By CCN Mexico Report™ on
On December 31, 2020 the Mexican government published a decree in the Official Journal of the Federation detailing the actions to be carried out by Federal Public Administration agencies and entities to gradually replace the use, acquisition, distribution, promotion and importation of glyphosate and the agrochemicals used as an active ingredient in Mexico, with sustainable…
Mexican Authorities Implement Digital System for Federal Transportation Licenses
By CCN Mexico Report™ on
On February 15, 2021, a Decree was published in the Official Gazette of the Federation establishing general rules for the regulation of Federal Digital Licenses applicable to various modes of transportation (the “Decree”). The Decree will enter into force on April 1, 2021.
In accordance with the Decree, Mexican transportation authorities will issue digital federal…
Mexico Modifies Rules for Reporting Intercompany Loans between Related Companies
By CCN Mexico Report™ on
On January 18, 2021, the Financial Intelligence Unit (“FIU”) of Mexico’s Tax Administration Service modified applicable rules governing loans made between entities that belong to the same business group. This provides clarity to one of the most frequently asked questions regarding so called “vulnerable transactions” and mandatory compliance with the Federal Law for the Prevention…
Looking Forward Toward a New Bilateral Relationship on Energy Matters
By José María Lujambio on
On January 18, 2021, a letter sent by the United States Secretaries of State, Energy, and Commerce to their counterparts in the Mexican government was made public. The letter, dated January 11, contains the clearest and most direct official message in defense of U.S. interests in the Mexican energy sector since President López Obrador ordered…