On November 16, 2023, the decree (the “Decree”) reforming various provisions of the Regulation of the Federal Gaming and Raffles Law (the “Regulation”) was published, coming into force on November 17, 2023.

On November 13, 2023, the Official Federal Gazette published (i) the Decree of the Federal Revenue Law for Fiscal Year 2024 (“Revenue Law”), (ii) the Decree amending several provisions of the Federal Fees Law, and (iii) the Decree amending several provisions of the Federal Law on Budget and Fiscal Responsibility, in order to include the Cross-Sectional Anti-Corruption Exhibit.

In recent days, the Organization for Economic Cooperation and Development (OECD) published the report on the statistics of mutual agreement procedures (MAPs) initiated and resolved in 2022. MAPs are dispute resolution mechanisms provided in agreements to avoid double taxation with the aim of assisting taxpayers in resolving international taxation disputes, in collaboration with the tax authorities of the involved jurisdictions.

As you may recall, on June 8, 2023, NOM-037-STPS-2023 issued by the Ministry of Labor and Social Welfare (“STPS”) was published in the Federal Official Gazette (“DOF”).

On October 30, 2023, the “Decree granting several tax benefits to taxpayers in the areas affected by the severe rains and strong winds during October 24, 2023” (the “Decree”) was published in the Federal Official Gazette, through which the Ministry of Finance and Public Credit seeks to contribute to the reactivation of the productive plant and the preservation of sources of employment in the areas affected by Hurricane Otis in the state of Guerrero by granting tax benefits to taxpayers of the affected areas.

Von Wobeser y Sierra Collaborates with Datasaur to Launch AI-powered chatbot, VonBot

Mexican company Grupak Empresarial has acquired Igsapak Cogeneración, the supplier of electricity to Grupak’s paper and corrugated cardboard factory in the central state of Hidalgo.

In an effort to strengthen the trend of relocating supply chains to Mexico, known as “Nearshoring”, a decree was published today in the Official Gazette of the Federation that grants tax incentives to key sectors of the export industry. These incentives consist of the immediate deduction of investment in new fixed assets and an additional deduction for training expenses. This decree will come into effect the day after its publication.

Mexico’s competition agency, the Federal Economic Competition Commission (“COFECE”), made public today, October 10, the initiation of an investigation into the market for the marketing of classified real estate advertisements (the “Investigated Market”) for possible unlawful concentration.

Following up on our note published on August 30, 2023, the Decree adding article 216 Bis to the General Health Law, published on March 24, 2023, went into effect on September 20, 2023.