Mexico‘s annual international trade tax program is focused on increasing revenue collection through automation and the development of data models to improve and make processes more efficient. In 2023, the collection of international trade tax collection increased by 21,867 million pesos (27% in real terms), compared to the
What has been the impact of the reforms related to labor outsourcing in Mexico, according to the Mexican government? First and foremost, the Decree modifying various provisions regarding labor subcontracting in Mexico entered into force on April 24, 2021. With this, companies started with the employer substitution, which
The global price of corn and wheat, measured in U.S. dollars per metric ton, recorded a decline of about 30% in 2023 over 2022. According to data from the International Monetary Fund (IMF), the global corn price was US$207.4 per ton in December 2023, a year-on-year drop of
The 10 main investment announcements to Mexico in January and February 2024 totaled 23.897 billion dollars, informed Thursday the Ministry of Economy. These announcements represent the vast majority of the investments announced in the first two months of the year, which totaled 28.702 billion dollars. These are the
The United States leads the ranking of the 10 main origins of Foreign Direct Investment (FDI) arrivals to Mexico that were announced in the first two months of 2024. Based on those investment announcements, the expectation of FDI to the Mexican economy from the United States is 15.84
The central and decentralized administrations of the AGACE requested 400 suspensions of the importers’ registry in 2023 for updating various assumptions set forth in rule 1.3.3. of the General Foreign Trade Rules in force. Of this total, 348 were authorized, an increase of 29.4% compared to 2022. In