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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US and Mexico to Impose New Tariffs on Chinese Steel
The move comes as the United States attempts to tighten up its imports of Chinese products believed to be entering the nation by using Mexico as a backdoor
Read moreJanuary’s Oil and Tax Revenue Register Below Government Predictions
As a result, Mexico only took in a total of 658.9 billion pesos in public revenue during the first month of 2024
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 moreMexico Anticipated to Lose 2 Percent GDP Over Gas Subsidies
By KELIN DILLON According to the Mexican Center for Economic and Budgetary Research (CIEP), if the current tax subsidies provided to gasoline and diesel by the Special Tax on Production and Services (IEPS) are maintained, the Mexican economy will lose 554 billion pesos and experience 2.4 percent contraction in GDP in 2022 as a direct result of the policy. Given
Read moreMexican Senate Passes Income Law, Sends to Executive
By KELIN DILLON Early in the morning of Wednesday, Oct. 27, Mexico’s Senate approved the country’s new Income Package for 2022 in a 66 to 44 vote, without making any changes to the initiative. Though opposition parties presented more than 400 potential issues with the initiative, majority senators from the in-power National Regeneration Movement (Morena) rejected their reservations one-by-one. The
Read moreCongressional Commission Approves AMLO’s Income Package
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
Read moreMexico’s Multifaceted Menstrual Miseries
By KELIN DILLON Mexico City’s new single-use plastic ban has left women in the capital city in a rough position during their menstrual cycles, following the city’s temporary ban of tampons until their plastic applicators are replaced with more environmentally-friendly packaging. But while Mexico City’s women will undoubtedly suffer temporarily until the situation is resolved, it is nothing compared to
Read moreAMLO Declares War on Outsourcing
By KYLIE MADRY Mexican President Andrés Manuel López Obrador (AMLO) once again sparked controversy, this time declaring his intention to ban outsourcing in Mexico during his morning press conference on Tuesday, Oct. 27. This is AMLO’s latest target in his war on corruption, with the president saying that outsourcing only allows businesses to skirt tax laws and avoid paying employees
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