Mexico’s Tax Collection Rises 5.3 Percent Year-Over-Year
The 3.68 trillion pesos in taxes collected during the first nine months of 2024 represent a 346.2 billion peso year-over-year increase from 2023
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ASF Finds 85.7 Million Peso Operational Irregularities in INM Audit
The contracts in question partially pertain to Grupo de Seguridad Privada Camsa, SA de CV, the company tasked with monitoring the INM’s Ciudad Juárez where 40 migrants died in a fire back in March 2023
Read moreMexico Offers New Tax Cuts to Attract Nearshoring Investment
The only requisite for eligibility is that the investment must be made during the rest of 2023 or during 2024
Read moreBanca Azteca Brings Easy Internet Banking to the Mexican Masses
By coordinating and verifying personal biometrics and facial recognition technology online with the National Electoral Institute (INE), Banca Azteca can check and authenticate applicants’ data to prevent possible identity thefts
Read moreBankrupt Interjet to Auction Assets to Pay 40 Billion-Peso Debt
Mexico’s Second District Judge in Commercial Insolvency Matters officially declared notorious Mexican airline Interjet as bankrupt and ordered the company’s assets to be put up for auction
Read moreNavigating Mexico: Tax Evaders
Individuals earning over 400,000 pesos a year in salary or interest from funds generated inside Mexico as pesos are required to file
Read moreInside Segalmex’s 15 Billion-Peso Embezzlement Scandal
While founded with the positive intention of supplying low-income Mexican families with affordable food resources, Segalmex soon became embroiled in scandal
Read morePemex Benefits from Gas Subsidy, Tax Returns
Back in March of last year, when the gasoline subsidy was approved, the CIEP already warned that Mexico could lose as much as 554 billion pesos — 2 percent of the country’s gross domestic product (GDP) — as a result of the policy
Read moreMexican Army Bags ‘Discretionary Funds’ Worth 113 Billion Pesos
By MARK LORENZANA According to documents leaked by hacktivist group Guacamaya, the federal government of Mexican President Andrés Manuel López Obrador (AMLO) and the Armed Forces have at their disposal a “discretionary bag” worth 113 billion pesos from a trust fund of Mexico’s National Customs Agency (ANAM). Despite the promise of López Obrador to extinguish trust funds or “fideicomisos” under his
Read moreImported Vegetables and Select Food Products Now Tariff-Free
By MARK LORENZANA The Mexican federal government on Thursday, Oct. 20, published a list of products that can be imported into the country duty-free as part of President Andrés Manuel Lopez Obrador’s (AMLO) move to combat inflation, and to curb rising prices that are affecting the basic basket of food items in Mexico. On the night of Wednesday, Oct. 19, a presidential decree was
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