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Types of Employment Contracts in Mexico (Payroll in Mexico)
Mexican Labor Law is complex, it is important to understand the liabilities of the payroll in Mexico, before hiring people. Fixed-Term or Specific Work Contract: a. Fixed Term: In this type of contract, the exact duration is known, and there is a justified cause. For...
India and Mexico legal and tax comparison
As investment from India into Mexico continues to grow annually, I have crafted this article to provide a comparative analysis of the tax and legal terminologies commonly encountered when establishing a company in Mexico. You will learn more about terms between mexico...
Guadalajara is the Nearshoring Hub of Innovation in Mexico
In the landscape of global business, the concept of nearshoring has been rapidly gaining traction as companies look for ways to optimize operations without straying too far from home shores. Mexico, with its strategic geographic location and bilingual talent pool, has...
Guadalajara: The Growing Nexus for Indian Software Companies in Latin America
Guadalajara is often hailed as the Silicon Valley of Mexico; This Mexican city has caught the eye of global investors and tech companies all around the world. Indian software Companies have found a big growth opportunity in Guadalajara. Why Guadalajara for an IT...
Basic Postulate Economic Substance
One of the 8 basic postulates mentioned in NIF A-2 is Economic Substance, which establishes that priority must be given to the economic essence of transactions over their legal form. Examples of the postulate “Economic Substance”…
Why Investing in Mexico Is a Smart Move
Mexico has emerged as a strategic investment destination for companies seeking growth and stability in Latin America. Here, we'll explore the key reasons why Mexico is becoming the intelligent choice for corporate investments. 1. Economic Stability Mexico has...
Why invest in Mexico?
Mexico has emerged as a strategic investment destination for companies seeking growth and stability in Latin America. Here we will explore the key reasons why Mexico is emerging as a smart choice for corporate investments. 1....
Quickbooks platform announces its departure from Mexico
Platform Quickbooks announced through its website that, as of April 30, 2023, its current version of the QuickBooks Online software for PyMEs in Mexico will no longer be available. This is because the tax regulations in Mexico are very...
Punctuality and attendance bonuses are not taxed for IMSS
The punctuality and attendance bonus is granted to collaborators who comply with attendance and punctuality to their work. Being these an excellent option to reduce the payment of Social Security contributions since these do not integrate the base salary of...
Household expenses that you can deduct before the Tax Administration Secretariat (SAT).
If you work from home doing telecommuting (home office), you can deduct some expenses such as internet, electricity and water. For this you must take certain criteria into account, among which are having a Digital Tax Receipt by Internet (CFDI) or better...
holiday increase
On September 20, 2022, the United Commissions of Labor and Social Welfare and of Legislative Studies entrust the consideration of the Plenary Session of the Chamber of Senators the legislative change to Articles 76 and 78 of the LFT, which proposes to extend from 6 to 12 days. ..
Do inheritances pay taxes in Mexico?
If we receive an inheritance or donations, we must know what the fiscal treatment of this is, although these could be exempt, we must know certain requirements such as declaring them before the SAT. What is an inheritance? First we must understand what an inheritance is...
