As May 30, 2023, approaches, so does the deadline for employers in Mexico to comply with the obligation of calculating and distributing profit-sharing (PTU) payments to employees. The following answers to nine frequently...more
On January 9, 2019, Mexico’s National Institute of Statistics and Geography issued an official press release regarding the daily, monthly, and annual value of the Unit of Measure and Update (UMA) that will become effective on...more
On January 10, 2018, Mexico’s National Institute of Statistics and Geography issued in the Official Gazette of the Federation the daily, monthly, and annual value of the Unit of Measure and Update (UMA) that will become...more
On December 19, 2016, it was issued in the Official Gazette of the Federation that the daily minimum wage for 2017 in Mexico will be Mex$80.04.
Moreover, on December 31, 2016, the Law to Determine the Value of the Unit...more