Today, October 31, 2024, the Decree amending articles 25, 27, and 28 of Mexico’s Constitution (the “Constitution”) regarding strategic areas and companies (the “Constitutional Amendments”) was published in the Official Journal of the Federation, and will enter into force the
CCN Mexico Report™
The latest business, legal and political developments from Mexico
CCN Mexico Report™, published by Cacheaux, Cavazos & Newton, covers regulatory and compliance developments affecting businesses operating in Mexico. The blog addresses topics such as transportation and logistics regulations for hydrocarbons, labor and social security law reforms including payroll and housing fund obligations, cross-border transportation requirements, foreign trade and customs compliance, and certification schemes for companies under Mexican tax and trade programs. It provides updates on government decrees, administrative procedures, and enforcement programs relevant to corporate operations, tax compliance, and import/export activities in Mexico.
Latest from CCN Mexico Report™ - Page 9
Mexico Issues New Regulations on Electric Vehicle and Plug-in Hybrid Vehicle Charging.
On September 10, 2024, Regulation A/108/2024 was published in the Official Journal of the Federation, in which the Energy Regulatory Commission (“CRE”) announced the new General Administrative Provisions on Electromobility (“EV Regulations”). These new EV Regulations seek to regulate the…
Important Amendments to Annex 24 of Mexico’s General Rules for International Trade (Inventory Control System for the Business Certification Program)
On October 15, 2024, the Second Resolution of Amendments to the General Rules of International Trade for 2024 and Annexes 1, 2, 5 and 24 was published in the Official Journal of the Federation, through which important changes were made…
Mexico Enacts Amendments to Mexico City’s Tourism Law and Rules for Private Lodging Accommodations
By Abel Quezada
On April 4, 2024, a decree was published in Mexico City’s Official Journal amending and adding numerous provisions of the local Mexico City Tourism Law (“Tourism Law”), which became effective the day after its publication (the “Amendment”).
The main purpose…
Mexico Enacts Major Amendments to its Constitution Affecting the Judicial Branch
An important decree that completely overhauls Mexico’s Judicial Branch by amending, supplementing and repealing more than 18 articles of the Political Constitution of the United Mexican States was published in the evening edition of the Official Journal of the Federation…
Mexico Amends the “Decree Establishing Several Sectorial Promotion Programs”(Prosec Decree)
An amendment to the PROSEC Decree was published in the Official Journal of the Federation on August 26, 2024, and entered into force on August 27, 2024.
The PROSEC is a program designed for companies that produce specific merchandise. It…
Mexico’s Taxpayer Ombudsman Announces Important Changes to Filing Procedures
The Mexican Taxpayer Ombudsman agency (“PRODECON” by its acronym in Spanish) has notified taxpayers that, to streamline and expedite the filing of Final Agreements and Complaints, as of September 1st, 2024, the only methods for filing of such Final Agreements…
New General Agreement to regulate the permanent International Cargo Transportation Permit for United States of America and Canada carriers in Mexico (the “Agreement”), issued by the Department of Infrastructure, Communications and Transport (“SICT” for its Spanish acronym).
On July 31, 2024, the Agreement was published in the Federal Official Gazette and will be in effect the next day.The purpose of this Agreement is to substitute the original Agreement published in the Federal Official Gazette on July 7,…
Yucatan Grants New Tax Benefits for Investments in Industrial Zones
On June 28, 2024, the “Decree to promote investment in the industrial zones of Progreso I and Mérida I in Yucatan, Mexico” (the “Decree”) was published in the Official Journal of the Federation. Such Decree grants certain tax benefits and…
Mexico Amends Amparo Law regarding Suspensions of Legal Acts
On June 14th, 2024, a decree was published in the Official Journal of the Federation amending articles 129 and 148 of the Amparo Law regarding suspensions of official legal acts in amparo lawsuits where the unconstitutionality of general laws (e.g.,…