DECREE GRANTING THE EMPLOYMENT SUBSIDY IS ISSUED
May 14th, 2024
On May 1, 2024, the Decree granting the employment subsidy (the “Decree”) was published in the Official Gazette of the Federation, which is aimed to taxpayers who receive any income for the rendering of a subordinated personal service, as well as to officers and workers of the Federation, Federal Entities and Municipalities, even when they are for expenses not subject to verification, as well as to members of the armed forces. The subsidy is granted...
AMENDMENT TO THE FEDERAL DISTRICT TOURISM LAW, NOW KNOWN AS THE MEXICO CITY TOURISM LAW
April 9th, 2024
On April 4, 2024, a decree was published in the Official Gazette of Mexico City modifying the name, and amending and adding various provisions to the Federal District Tourism Law, now known as the Mexico City Tourism Law (hereinafter the “CDMX Tourism Law”). The CDMX Tourism Law became effective on April 5, and...
AMENDMENTS TO THE GENERAL LAW OF SECURITIES AND CREDIT OPERATIONS AND TO THE GENERAL LAW ON CREDIT ORGANIZATIONS AND AUXILIARY CREDIT ACTIVITIES
April 9th, 2024
On March 26th, 2024, a decree was published in the Official Gazette of the Federation (“Decree”) which aimed to reform, repeal and add several articles to: (i) the General Law of Securities and Credit Operations; and (ii) the General Law on Credit Organizations and Auxiliary Credit Activities. Among other issues, said amendment to the General Law of Securities and Credit Operations is meant to recognize the possibility for securities...
AMENDMENT DECREE TO THE MEXICAN FEDERAL LABOR LAW ON PERIODIC BREAKS FOR WORK CARRIED OUT STANDING DURING THE WORKING SHIFT
February 28th, 2024
On February 20, 2024 it was approved in general and by unanimous vote in said Chamber (82 votes in favor) the amendment decree (“Decree”) that aims to modify the Mexican Federal Labor Law, regarding periodic breaks for those works carried out standing during the working shift by employees engaged in activities of service, and commerce sectors and similar ones. The goal of this...