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
Read moreTag Archives: taxes
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 moreAMLO Announces Sweeping Constitutional Reforms
However, López Obrador’s National Regeneration Movement does not have sufficient votes between itself and its allies to pass the proposed 20 constitutional changes into law
Read moreNavigating Mexico: Domestic Help
Your maid is not expected to be your secretary, give you massages, clean up after your drunken brawls, work overtime or endure inappropriate behavior of any kind
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 moreThree Texas Women Missing in Northern Mexico
According to the U.S. Federal Bureau of Investigation (FBI), the three women were from Peñitas, a small border city in Texas near McAllen
Read moreMexico’s Public Deficit Spikes by 24 Percent in 2022
By KELIN DILLON While Mexico has long been spending more than it brings in through revenue, 2022 saw the country’s public deficit increase by approximately 26 percent – the largest deficit spike it has experienced since 2016. According to figures from Mexico’s Secretariat of Finance (SHCP), Mexico’s public deficit between January and November of 2022 stood at 611.1 billion pesos,
Read moreNavigating Mexico: Is Cash Still King in Mexico?
By JUAN DE JESÚS BREENE Someone asked me recently if cash was still the main form of payment in Mexico. And just like the answer to other broad and vague questions, when assessing whether cash is still king in Mexico, the answer is yes … and no. At the height of the covid-19 pandemic, the Mexican government, in conjunction with
Read moreSenate Approves Mexico’s 2023 Federal Income Law
By KELIN DILLON In the early hours of Wednesday, Oct. 26, Mexico’s Senate approved the proposed 2023 Federal Income Law in a vote of 65 in favor, 44 against and two abstentions, preserving the initiative verbatim sent by the executive branch and Chamber of Deputies, without any changes. Set to go into effect in 2023, the newly passed Federal Income
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
Read more