On April 23, 2021, the Mexican government published a new Decree in the Official Journal of the Federation amending and supplementing numerous Mexican statutes, including the Federal Labor Law, the Social Security Law, the Institute for the National Housing Fund for Workers Law, the Federal Tax Code, the Federal Income Tax Law and others.
The
A Decree published in the Official Journal of the Federation on March 30, 2021, amends and supplements Article 90 to the Mexican Federal Labor Law.
The main purpose of this amendment is to guarantee that the yearly review of the minimum wage, is set at a level above the inflation rate. With such change, the
Representatives from the Mexican Federal Government, Business Sector and Union Groups conferred on April 5, 2021 in an attempt to agree on the terms of new pending federal legislation governing outsourcing in Mexico.
The parties reached the following agreements in their discussions:
1. In general, outsourcing of personnel will be prohibited, including: (i) the hiring
On March 26, 2021, the President of Mexico sent a bill to the Chamber of Deputies aimed at amending several provisions of the Hydrocarbons Law (the “Bill”). In contrast to the recent amendment to the Electricity Industry Law, which was submitted as a preferential bill, this Bill does not have such status, so it will
On March 9, 2021, a Decree amending and adding various provisions to the Electricity Industry Law (the “Amendments”) was published in the evening edition of the Official Journal of the Federation (“DOF”). The Amendments became effective the day after publication. The government agencies responsible for implementing the Amendments have 180 calendar days to do so.
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
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
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
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
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