In order to promote investment, encourage economic growth, and the creation of formal jobs in the peninsular region of the Yucatan (where the Mayan Train will pass through) the Mexican Ministry of Treasury (SHCP by its...more
Extemporaneously Cancelled Invoices Can Be Given Tax Effect -
Through an amendment made to article 29-A of the Mexican Federal Tax Code (Código Fiscal de la Federación or CFF), since 2022 the period during which taxpayers...more
On October 23, 2023, the Mexican President published in the Official Gazette of the Federation a Decree under which the Mexican Government implements measures to combat the illicit trading of fuels, related to the importation...more
Taking advantage of the nearshoring effect, the Mexican Ministry of Finance and Public Credit (Secretaría de Hacienda y Crédito Público) issued a Decree that will provide tax benefits to key sectors of the export industry...more
In any type of transaction, it is usual for two parties to enter into a debtor/creditor relationship and use the legal concept of compensation as a method of payment for their respective debts, making it easy to comply with...more
The Mexican Supreme Court of Justice ruled to invalidate the last paragraph of Article 17-F of the Mexican Federal Tax Code, which allowed requests be made to the Mexican Tax Administration Service (Servicio de Administración...more
Following the bank receivership of Silicon Valley Bank (SVB) and similar situations with other stressed financial institutions in the U.S. and Europe, companies are concerned with their international assets and credits held...more
On October 2021, President Andrés Manuel López Obrador submitted to the Mexican Congress a Bill to amend Articles 25, 27, and 28 of the Mexican Constitution related to energy matters. The purpose of the Bill, named the...more
The United States of America has requested dispute settlement consultations with the Mexican Government under Chapter 31 of the United States–Mexico–Canada Agreement (USMCA). The consultations are linked to Mexico’s new...more
In September 2016, there was a major shift in the Mexican Supreme Court’s approach to damages, where the highest court in the country ruled on the legality of punitive damages. In April 2020, federal courts made pivotal...more
The March 28, 2022 Federal Official Gazette published mandatory standard NOM-029-SE-2021, Business practices-Informational requirements for the provision of timeshare services (NOM 029), which supersedes the 2010 version. ...more
Last year, Mexican President Andrés Manuel López Obrador submitted to the Mexican Congress a bill to amend a number of constitutional articles related to certain energy matters (the “Bill”). If approved, the Bill would undo...more
Yesterday, Justices of the Supreme Court resolved the Constitutional Trial 64/2021 filed by the Minority of the Senators against the reform passed by the Mexican Congress to the provisions of the Electric Industry Law (the...more
Following prior attempts to preclude private investor participation in the energy sector through Congressional legislation (i.e. Electric Industry Law and Hydrocarbons Law), President Andrés Manuel López Obrador, submitted to...more
On April 23, 2021, the Mexican government amended several legal statutes including the Federal Labor Law, Social Security Law, National Workers’ Housing Fund Institute Law, Federal Tax Code, Income Tax Law and Value Added Tax...more
On May 5, 2021, regardless of the clear warnings and recommendations by Mexico´s Antitrust Commission, amendments to the Hydrocarbons Law were published in the Federation’s Official Gazette. The referred amendments pose a...more
As previously informed, on November 11, 2020, the President of Mexico submitted a bill proposing the amendment of the Federal Labor Law, Social Security Law, National Workers’ Housing Fund Institute Law, Federal Tax Code,...more
The Mexican President’s preferential Bill to Reform the Electricity Industry Law has passed both Houses of the Mexican Congress without changes and is now applicable law (the Reformed Electricity Law or the Law).
As we...more
3/12/2021
/ CPTPP ,
Curtailment ,
Electricity ,
Electricity Market Reform (EMR) ,
Energy Sector ,
Geothermal Energy ,
Hydropower ,
International Arbitration ,
Mexico ,
NAFTA ,
Nuclear Power ,
Renewable Energy ,
Solar Energy ,
United States-Mexico-Canada Agreement (USMCA) ,
Wind Power
President Andres Manuel López Obrador has sent to the House of Representatives a preferential bill to reform the Electricity Industry Law, which Congress will be required to discuss in the next 60 days....more
2/5/2021
/ Clean Energy ,
Electricity ,
Energy Sector ,
Federal Electricity Commission (CFE) ,
Geothermal Energy ,
Hydropower ,
Intended Nationally Determined Contributions (INDC) ,
Mexico ,
Nuclear Power ,
Paris Agreement ,
Power Purchase Agreements ,
Solar Energy ,
United States-Mexico-Canada Agreement (USMCA) ,
Wind Power
On November 11, 2020, the President of Mexico submitted a bill proposing the amendment of the Federal Labor Law, Social Security Law, National Workers’ Housing Fund Institute Law, Federal Tax Code, Income Tax Law, and Value...more
While essential companies continue to operate in the midst of the COVID-19 pandemic, a new set of challenges has appeared on the horizon. Those new challenges come from certain states that have enacted prohibitions to or...more
In this ever-changing environment, the Mexican government issued an additional executive order (the “Executive Order”) on Friday, May 29, 2020, setting forth the country’s strategy and specific technical guidelines to resume...more
COVID-19 has had a dramatic impact on the world economy with the virus affecting jobs and companies around the world in many ways, with imminent cash-flow shortfalls soon to occur throughout many sectors of the global...more
The Government of the State of Puebla, home to Volkswagen, Audi and a number Tier 1 and Tier 2 automotive suppliers, has issued a “Decree establishing that there are no conditions in the State of Puebla to restart activities...more
As we reported recently, the Mexican automotive industry and other sectors in Mexico have now been classified as “essential,” with opening permitted by June 1st subject to satisfying certain “health and safety protocols” that...more