SAT suspends deadlines and legal terms
On May 4, 2020, the sixth anticipated version of the First Resolution of Amendments to the Miscellaneous Tax Resolution for 2020 was published on the Tax Administration Service (“SAT”) website.
The Council of the Federal Judiciary announces the new measures to be followed by the federal courts from May 6 to 31, 2020.
By means of General Agreements 8/2020 and 9/2020, the Plenary of the Federal Judiciary Council announced the measures to be observed during the period from May 6 to 31, 2020, which were adopted with the purpose of reestablishing the activities of the organs of the Federal Judiciary in the context of the sanitary contingency generated […]
U.S. manufacturers send letter to Mexican president to protect supply chains
Several U.S. companies members of the National Association of Manufacturers, dedicated to the production of different inputs in Mexico, sent a letter to President Andrés Manuel López Obrador on April 22, 2020, in which they express their concern regarding the decrees issued by the Ministry of Health and the different levels of government, which have […]
Deadline extended for public servants to file the declaration of assets and interests statement
The Ministry of Public Function (“SFP”), issued an Agreement, published in the Official Gazette of the Federation on April 22, 2020 (the “Agreement”), extending the deadlines set forth in Article 33 of the General Law of Administrative Responsibilities, to file declarations of net worth and interests in 2020, due to the measures to prevent and […]
Extension of time to file annual tax returns
Pursuant to Article 150 of the Income Tax Law, individuals who obtain income in a calendar year, except for exempt income and income for which definitive tax has been paid, are required to pay the annual tax through a tax return to be filed in April of the following year.
Modification of the Agreement establishing extraordinary actions to address the sanitary emergency generated by the SARS-CoV2 virus (COVID-19)
On April 21, 2020, the “Agreement amending the similar agreement establishing extraordinary actions to address the health emergency generated by the SARS-CoV2 virus, published on March 31, 2020” (the “New Agreement”) was published in the Official Gazette of the Federation.
Measures to be implemented by COFECE in response to the contingency caused by COVID-19
On March 27, 2020, the Federal Antitrust Commission (“COFECE”) established its position by means of a press release regarding the application of the Federal Antitrust Law in the context of the health emergency resulting from the pandemic generated by the COVID-19 virus. In the same, they mention that collaboration agreements between economic agents, whether vertical […]
Suspension of jurisdictional activities is extended
By resolutions adopted in sessions held on April 13, 2020, the Supreme Court of Justice of the Nation, the Council of the Federal Judiciary, the Federal Court of Administrative Justice and the Council of the Judiciary of Mexico City, decided to extend the suspension of jurisdictional activities that had originally been set until April 19, […]
Possible reforms related to streaming services
Last September 12, 2019, Senator Ricardo Monreal Ávila, member of the MORENA parliamentary group, presented in the Senate an initiative to reform the Value Added Tax Law and the Federal Telecommunications and Broadcasting Law.
Implications of the 2020 economic crisis for the financial factoring market
As acknowledged by the President of Mexico, Andrés Manuel López Obrador, the country will face an inevitable economic crisis this year, mainly due to Covid-19, as well as the collapse in oil prices, the fall of the stock market, among other factors. This crisis, like any other, generates uncertainty as to the consequences it will […]