By THE PULSE NEWS MEXICO STAFF Civil organizations, prosecutors and lawyers on Friday, Feb. 11, condemned Mexican President Andrés Manuel López Obrador (AMLO) for publicly disclosing the alleged income of journalist Carlos Loret de Mola and warned that it constitutes a federal crime. During his the morning press conference in Hermosillo, Sonora, Friday morning, AMLO displayed a slide with a
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By THE PULSE NEWS MEXICO STAFF While Mexican President Andrés Manuel López Obrador (AMLO) has set a deadline of 2024 for the nation to become self-sufficient in gasoline production, the country is severely lagging in the production of premium, high-octane gasoline, used by about 30 percent of all Mexican vehicles. Currently, Mexico’s state-run oil company Petróleos Mexicanos (Pemex) produces only 4
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By THE PULSE NEWS MEXICO STAFF Mexico’s Supreme Court on Wednesday Jan. 19, determined that Grupo Elektra, one of the country’s leading financial and commercial services corporations, owned by businessman Ricardo Salinas, must pay 2.636 billion pesos in back taxes for a credit derived from alleged illegal deductions in the company’s annual income tax declaration for 2006. After nearly four
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By KELIN DILLON On Tuesday, Dec. 14, Mexico’s Tax Administrative Service (SAT) revealed its new methodology to acquire owed taxes from debtors in 2022, with the newfound jurisdiction to seize assets from taxpayers’ bank deposits, properties, savings accounts, insurance investments, stocks, bonds and real estate as a form of repayment. Now, taxpayers will be held directly responsible for reviewing notifications
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By THE PULSE NEWS MEXICO STAFF Mexico’s Tax Administration Service (SAT) seems to have overharvested its big-corporation settlement program, leaving the Andrés Manuel López Obrador’s (AMLO) administration’s proverbial goose-that-lays-the-golden-egg revenue source quite literally overtaxed. According to figures from the Finance Secretariat (Hacienda), in the first 10 months of this year, the SAT collected just 148 billion pesos from audits of
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By KELIN DILLON After more than 30 hours of debate, Mexican President Andrés Manuel López Obrador’s (AMLO) income package finally passed through Mexico’s Chamber of Deputies on Wednesday, Oct. 20, sending it on to the Senate for further approval. The Chamber of Deputies passage left in place the controversial provision that reduces the amount of money individuals and companies can
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By KELIN DILLON On Monday, Oct. 18, Mexican President Andrés Manuel López Obrador’s (AMLO) 2022 National Income Package was approved by the Chamber of Deputies’ Economic Commission, including all its proposed reforms to the nation’s Income Tax Law (ISR). The package, which now passes to the full Chamber for passage, controversially proposes the registration of all legal Mexican adults over
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By KELIN DILLON The newly sworn-in governors of Mexican states Chihuahua, Zacatecas, Sonora, Campeche, Nayarit and San Luis Potosí have raised concerns about the precarious financial situations of the states they inherited, noting the lack of funds present to pay payroll, pensions and providers. The National Action Party’s (PAN) Governor of Chihuahua María Eugenia Campos made note of a 11
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By THE PULSE NEWS MEXICO STAFF In an effort to increase the government’s already-tight control on private bank account movements, Mexico’s new 2022 Income Law, promoted by the Secretariat of the Treasury (SAT), would require banks and other financial institutions to provide monthly reports, instead of the current annual reports, on all cash deposits received by account holders amounting to
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By KELIN DILLON New reports acquired through the Tax Administration Service’s (SAT) transparency law have revealed that Mexico’s Secretariat of the Navy (Semar) funneled more than 215 million pesos into shell companies between 2014 and 2019 via 3,242 invoices. This time frame coincides with two years of the term of current Semar head Admiral José Rafael Ojeda Durán, who Mexican
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