New Decree Granting Tax Incentives to Promote Investment in Mexico

On October 11, 2023, the “Decree granting tax incentives to key sectors of the export industry consisting of the immediate deduction of the investment in new fixed assets and the additional deduction of training expenses” was published in the Official Gazette of the Federation. The Decree entered into force as of its publication, with the […]

New Decision Cancels Mexican Value Added Tax Withholding Obligations in V5 IMMEX Transactions

Rule 3.8.9 of the General International Trade Rules for fiscal years 2012 to 2015 (currently Rule 7.3.3 of the General Foreign Trade Rules for 2023) enabled parties to carry out operations through code “V5” customs declarations “pedimentos” by companies with authorized IMMEX programs and certifications. Such operations feature transfers of temporarily imported goods from an […]

Political Thermometer

The 2023 elections that will take place in the State of Mexico and Coahuila will be a prelude to what may happen in 2024’s presidential election. The State of Mexico is one of the most important federal entities in the country, if not the state that occupies the top spot. It has the largest population […]

ILO’s Convention 190: Combating Violence and Harassment in the Workplace

Convention 190 of the International Labour Organization (ILO) is the first international treaty specifically addressing violence and harassment. It was adopted in 2019 and entered into effect in 2021. The Convention defines violence and harassment as “a range of unacceptable behaviors and practices, or make threats of such behaviors and practices, whether such are performed […]

The Letter of Intent for Real Estate Projects

As a result of the effects caused by nearshoring in Mexico, the industrial real estate market has seen an increase in the demand for the acquisition and leasing of industrial space, thus creating a “sellers and landlords’ market”. The limited availability of ideal conditions for certain projects has caused a significant increase in the cost […]

Recommended Precautions When Transferring a Timeshare Interest in Mexico

Timeshare transfers in Mexico have become more common in recent years, and unfortunately several forms of scams have been used to victimize timeshare owners. This article lists some important considerations to take into account when receiving an alleged offer to purchase a timeshare interest. For purposes of Mexico’s Federal Consumer Protection Law (“LFPC”), a timeshare […]

Mexico Publishes New Draft Regulations on the Transportation of Hazardous Substances and Materials

On February 20, 2023, a draft of Official Mexican Standard (“NOM”) PROY-NOM-002-1-SCT-SEMAR-ARTF/2021 (the “Draft One”) was published on the Official Journal of the Federation (“DOF”) regulating the official list of hazardous substances and materials (hazardous goods), including instructions and use of packaging/containers, intermediate bulk containers (RIG), large packaging/containers, portable tanks, multi-element gas containers and bulk […]

Advantages of Nearshoring in Mexico – A Cost-Effective Alternative to Asia

The integration of commercial trade within North America is moving forward, and companies are looking to take advantage of the benefits that Mexico has to offer. With the rise in labor and transportation costs in China, ongoing trade wars, the war in Ukraine and growing concerns over resiliency, many supply chains have been disrupted. As […]

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