The principal taxes payable by commercial and industrial enterprises operating in Mexico and, in certain cases, by foreign companies and individuals, are those levied by the federal government. State and municipal governments have more limited tax powers and receive allocations of some federal taxes collected within their borders. The...
An executive order was published in the Federal Official Gazette on August 11, 2014, amending various provisions of the Foreign Investment Law. The amendments came into force on August 12, 2014. The following are the most important aspects of these changes to be taken into consideration by foreign investors: a) The exploration and production...
In the past decade, Mexico’s education sector has made notable progress, despite the pressure the nation’s demographic boom has placed on its system. Coverage, especially in primary education, has increased considerably. The system is now faced with the substantial challenge of raising the overall quality of education and increasing coverage...
Two straight years of record growth in Mexico’s tourism sector have solidified its importance as a motor for economic growth. According to the Ministry of Tourism (Secretaría de Turismo, SECTUR), tourism contributes over 8.7% to Mexico’s GDP and employs 3.6m people directly, 57% of them women. It is also the fourth most important source of...
The continued increase in market share of low-cost generics, coupled with the consolidation of purchases by the institutional market led to slower revenue growth in pharmaceuticals for human use in 2014. Nonetheless, the strengthening of Mexico’s regulatory framework is opening up new opportunities.
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