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 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 moreBusiness Leaders from Both Sides of Border Want Competitive North America
OPINION By GUILLERMO VOGEL and PATRICK OTTENSMEYER U.S. and Mexican officials met in Mexico City on Monday, Sept. 12, to hold a second edition of the re-launched U.S.-Mexico High-Level Economic Dialogue (HLED). Created in 2013, the HLED has historically served as a forum through which both governments advance the strategic economic and commercial priorities for their countries. On the agenda
Read moreThe Mexican Treasury’s Capricious Dolling out of Fines
OPINION By THÉRÈSE MARGOLIS There is no accounting for how Mexico’s Treasury Secretariat’s (Hacienda) Tax Administration Service (SAT) decides who to prosecute and who to let slide, other than the fact that, like all government offices directly under Andrés Manuel López Obrador (AMLO), it takes its orders from the president. On Friday, July 29, the SAT notified the internationally disgraced
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