COVID-19 PHASE 2: HEALTH SECRETARIAT AGREEMENT MARCH 24, 2020

On March 24, 2020, the Agreement establishing the preventive measures to be implemented for the mitigation and control of the health risks of the disease caused by the SARS CoV2 (COVID-19) virus was published in the Federal Official Gazette. Some of the points considered in the Agreement are the following: a) Adults over 65 years
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Employee profit-sharing in companies

Tuesday March 31, 2020 is the deadline for legal entities for filing the annual tax return, and therefore, the commencement of employment obligations. We will focus on sharing this important information with you that is related to Employee Profit-Sharing [in Spanish: Participación de los Trabajadores en las Utilidades] (subsequently referred to as EPS), its definition,
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Payroll-related changes for states for the 2020 tax year

The main changes that will be instituted as of January 2020 are the following: Aguascalientes: The ordinary interest rate increased from 2% to 2.5% which will be levied and paid on contributions made in cash for remunerations for work performed by an employee. Baja California: The surtax for calculating the Payroll Tax [in Spanish: el
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2020 Periodic Amendment to the Tax Law, regulation 2.7.5.7

On December 28 the Official Gazette of the 2020 Periodic Amendments [in Spanish: el Diario Oficial la Miscelánea Fiscal] was published which mentioned what must be done in order to comply with the new fiscal provisions. Regarding regulation 2.7.5.7, this refers to the correction of the payroll receipts for the 2019 year that may have errors
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