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Mexican supreme court rules on the limit to profit sharing for employees
The Second Chamber of the Supreme Court of Justice of Mexico resolved, under the constitutional shelter appeal 633/2023 (“Amparo Trial” in Spanish), the constitutionality of section VIII of article 127 of the Federal Labor Law and the Guide for complying with profit sharing obligations (the “Guide”), issued by the Ministry of Labor and Social Welfare.
Joint and several liability for members and shareholders in tax matters
In the tax field, it is crucial to understand the extent of the liability of the members and shareholders of a company.
Justification and motivation of the minimum fines
The Tax Administration Service must consider different aspects when determining a fine to taxpayers. Such fine must be legally justified and reasoned by the authority, in order to comply with the proper procedure.
Supreme court declares invalid the executive order issued by the federal government to promote government projects
The Mexican Supreme Court of Justice (“SCJN” for its acronym in Spanish) has declared as invalid the executive order issued by the Federal Government on November 22, 2021 in the Federal Official Gazette (“DOF” for its acronym in Spanish), through which the execution of certain projects and works by the Mexican Government were declared of public interest and national security, as well as the instruction to the departments of the Federal Public Administration to grant provisional authorizations for all works and projects considered of public interest and national security (hereinafter the “Executive Order”).
The Ministry of Finance and Public Credit introduced Mexico ́s sustainable taxonomy
During the 2023 Banking Convention in Merida, Yucatan, the Undersecretary of Finance presented Mexico’s Sustainable Taxonomy, which was developed by more than 200 technical experts from a range of industries, different sectors, and international organizations.
Supreme Court removes acreditation of VAT in compensations
On March 15, 2023, the Supreme Court of Justice of Mexico established a core precedent where the civil compensation is not a form to extinguish obligations between creditor and debtor, nor a mean of payment of Value Added Tax (Hereinafter “VAT”) for its accreditation and refunding.
Second Resolution of Modifications to the Miscellaneous Tax Resolution for 2023: First Anticipated Version
On February 28, 2023, the Tax Administration Service (hereinafter “SAT” for its acronym in Spanish) published the first anticipated version of the Second Resolution of Amendments to the Resolution to the Tax Miscellaneous Resolution for 2023 (hereinafter “RMF” for its acronym in Spanish).
SAT Publishes the Second Early Version of the Ninth Resolution of Modifications to the Miscellaneous Tax Resolution for 2022
On November 1st, 2022, the Tax Administration Service (hereinafter, “SAT”) published the second anticipated version of the Ninth Resolution of Amendments to the Miscellaneous Tax Resolution for 2022 (the “RMF”) on its website, which may be subsequently amended until its publication in the Official Gazette of the Federation (hereinafter, “DOF”).
Labor Reform – Extension of Implementation
La reforma fiscal genera nuevas cargas, no solamente para los BC de los Vehículos Legales, sino también para sus Partes Relacionadas. En caso de incumplimiento con las obligaciones fiscales contenidas en los apartados siguientes, las autoridades tienen la facultad de imponer sanciones como multas, sanciones de carácter penal, embargos, entre otras, en contra de los Vehículos Legales y sus Responsables Solidarios.
SAT publishes the first early version of the Ninth Resulation of Modifications to the Miscellaneous Tax Resolution for 2022
On October 25, 2022, the Tax Administration Service (hereinafter, “SAT“) published the first anticipated version of the Ninth Resolution of Amendments to the Miscellaneous Tax Resolution for 2022 (the “RMF“) on its website, which may be subsequently amended until its publication in the Official Gazette of the Federation (hereinafter, “DOF“).