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Secretary of Finance: Requirement to pay taxes at latest on the 17th

Recently, the Secretary of Finance together with the SAT has started to send out audit requests to companies which do not pay their taxes on the 17th of each month. Even if the tax law allows for additional days depending on the tax ID, we strongly…
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Thin Capitalization Regulation in Mexico

What is thin capitalization and why is it important? Companies are usually financed through a mix of equity and debt. If a company’s financial structure includes a relatively high level of debt in comparison to its equity, it is referred…

NOM 035: The second stage has now come into force – What does that mean for your company?

How does avoiding implementation of NOM 035 affect your company? If NOM 035 is not yet implemented in your company, it is quite likely to be fined by the Mexican Ministry of Labor and Social Welfare (Secretaria del Trabajo y Previsión Social,…
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Transfer pricing in Mexico

What is Transfer pricing? Transfer prices refer to the prices that affiliated companies use to valuate transactions with each other. By setting a transfer price international companies can shift the profit of a company from one country to…

China vs. Mexico: Where does the future of US production facilities lie?

China and Mexico - both countries are important production sites for the US industry. However, for a long time Mexico has hardly been a serious competitor in the race against China. Over the past two years, this tide seems to have turned: More…

Business Liability Planning

Did you know that 80% of the commercial activity in the Mexican United States is carried out without formalities or legal documents? Situation This is because of the initial trust that customers/suppliers implicitly add to their operations…

After the lockdown: An industry check on Mexico’s economy

Since the beginning of this year, the coronavirus has been holding the world under its spell. The economic consequences of the pandemic have also hit Mexico, the second largest economy in Latin America. Economic lockdown: most affected industries As…

The role of women in the Mexican labor market

According to a study, the vast majority of Mexican women still work in the informal economy sector. Jobs are poorly paid and often with no social protection. In general, however, a rather positive trend towards gender equality has developed…

Querétaro – The most livable state in Mexico

Mitofsky is a leading Mexican company dedicated to produce representative surveys. Within the scope of the 'México opina' Section, 5,236 Mexicans were interviewed regarding their opinion on the 31 Mexican States from 09.-15.01.2020. Cultural…

The future on Mexico’s roads

Many renowned vehicle manufacturers, as well as smaller start-ups, are constantly working worldwide on the development of electric and autonomous vehicles. For instance, the German company Continental announced last year that it would increase…