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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Senate 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 morePemex Awards 3 Billion-Peso Contract to Tech Company sans Bidding
By MARK LORENZANA Petróleos Mexicanos (Pemex) directly awarded a contract to a private firm to rent out 41,000 computers and other 16,000 pieces of peripheral hardware to Mexico’s state-owned oil company for the next four years. The company, Tec Pluss, distributor of Dell Computers in Mexico, won on Sept. 9 the open contract for up to 2.99 billion pesos, value-added
Read moreSection 6 of Tren Maya to Be Most Destructive, Expensive
By MARK LORENZANA Section 6 of the controversial Tren Maya, which will run from Tulum in the Mexican state of Quintana Roo to its capital city of Chetumal, will be the most destructive in environmental terms, and also the most expensive. The Environmental Impact Statement (MIA) for the 255-kilometer Section 6 of the Tren Maya — one of Mexican President
Read moreMexican Government Announces News Measures to Fight Inflation
XINHUA The Mexican government will take additional measures to counter rising inflation as part of the package against inflation and famine that took effect in May, Secretary of Finance Rogelio Ramirez de la O announced here Tuesday, Aug. 2. That package consisted of freezing the price on 24 basic products that Mexicans consume on a regular basis. However, despite that
Read moreMexican Treasury Releases Another 22.5 Billion Pesos for Dos Bocas
By MARK LORENZANA Mexican Treasury Secretary Rogelio Ramírez de la O said he authorized a transfer of 22.5 billion pesos, labeled as “urgent,” to the Dos Bocas refinery in the southeastern Mexican state of Tabasco — one of President Andrés Manuel López Obrador’s (AMLO) controversial pet projects — at a meeting of the board of directors of state-run oil giant
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 moreCourt Blocks Billions in Tax Refunds for Grupo Modelo
By THE PULSE NEWS MEXICO STAFF Mexican President Andrés Manuel López Obrador (AMLO) defended a decision by the nation’s Supreme Court (SCJN) to not return billions of pesos in tax refunds to Grupo Modelo, the nation’s largest producer of beer. Speaking during his daily morning press conference at the National Palace on Tuesday, Jan. 29, the president said that the
Read moreWhy AMLO’s Economic Border Plan Could Be Costly for Mexico
By EARL ANTHONY WAYNE, former U.S. ambassador to Mexico
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