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.
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, […]
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 […]
Suspension of jurisdictional activities
Based on the provisions of Articles 1, third paragraph, and 4, fourth paragraph, of the Political Constitution of the United Mexican States, which bind the Supreme Court of Justice of the Nation (SCJN) to adopt the necessary measures to protect the health of all persons, and considering the risk implied by the health contingency derived […]
General Health Council Formally Installed
As a consequence of the current pandemic caused by COVID-19, as pointed out by the World Health Organization on March 11, 2008, there was still no formal declaration of a sanitary emergency in Mexico until yesterday, despite the fact that the Mexican Constitution expressly states that in case of serious epidemics, the General Health Council […]