2nd Modifications to the Miscellaneous Tax Resolution for 2014: Labor Aspects

In July 2014, the 2nd Modifications to the Miscellaneous Tax Resolution for 2014 was published in the Official Gazette, please find below the summary we have prepared regarding the most significant regulations: Online E-invoices (CFDI) for Payroll Paid to Employees Taxpayers that have a website available through which employees can print their E-invoices (CFDI) will
Details

Obtaining Online Digital Tax Receipts (CFDI) for Employer Contributions

The Social Security (IMSS) now issues CFDIs through the SIPARE. Some Federal Entities do not yet issue CFDIs.   Background Article 29, 1st and last paragraph, of the Federal Tax Code establishes the obligation for Federal, State and Municipal public entities and dependencies to issue online digital tax receipts (CFDI). Taxpayers that process payments for
Details

Mexico City State tax on payroll Increase for 2014

A 0.5% increase is agreed for the State tax on payroll in Mexico City The Budget for 2014 for Mexico City considers a series of adjustments in the Tax Code, in which the increase of 0.5% of the State tax is included. The tax change from 2.5% to 3% over the expenses made by companies
Details

2014 Minimum Wages

A 3.9% increase of the wages is agreed upon. In the last few days, the agreement of the National Commission for Minimum Wages (CONASAMI) was made known, informing the minimum wage effective as of January 1, 2014.   The increase agreed upon for the minimum wage, general as well as professional, was a 3.9%, following
Details