News & Analysis as of

Profit Sharing Mexico

Ogletree, Deakins, Nash, Smoak & Stewart,...

Mexico’s Supreme Court Rules That the Cap to Profit Sharing Payments Is Constitutional

On April 3, 2024, the Mexican Supreme Court confirmed the requirement to pay up to three months of base salary for profit-sharing (PTU) payments....more

Holland & Knight LLP

Mexican Supreme Court Declares Constitutional the Limit of the Payment of Profit Distributions

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As part of the constitutional review, Amparo No. 633/2023, the Second Chamber of the Mexican Supreme Court of Justice declared constitutional (and thus valid) the limit of three months of the employee’s salary or the average...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

For Employers in Mexico, the Countdown for Distributing Profit-Sharing Payments Begins: 9 Frequently Asked Questions

As May 30, 2023, approaches, so does the deadline for employers in Mexico to comply with the obligation of calculating and distributing profit-sharing (PTU) payments to employees. The following answers to nine frequently...more

Snell & Wilmer

Outsourcing of Personnel in Mexico: Scrapped. General Considerations

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In our prior publication, we discussed an omnibus bill presented by Mexico’s President to Congress in November 2020. The bill proposed abolishing outsourcing of personnel in Mexico. Since then, the bill has now been...more

Foley & Lardner LLP

Ban to General Outsourcing/Insourcing Is Approved by Mexican Congress

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As previously informed, on November 11, 2020, the President of Mexico submitted a bill proposing the amendment of the Federal Labor Law, Social Security Law, National Workers’ Housing Fund Institute Law, Federal Tax Code,...more

Seyfarth Shaw LLP

Your Mexican Workforce Structure May Soon Require Reform

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Global employers may soon be faced with significant changes to their Mexican workforce structure as a result of proposed legislation banning outsourcing of personnel. ...more

Foley & Lardner LLP

Mexican Legal Hot Topics

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With the new administration of President Andrés Manuel Lopez Obrador, Mexico is currently facing numerous political and economic changes. These changes will have a direct impact on business activities in Mexico including the...more

Holland & Knight LLP

Fortalecimiento en las Inspecciones Laborales con la Nueva Administración

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Como parte de su proyecto de gobierno, el virtual Presidente Electo Andrés Manuel López Obrador ha planteado la necesidad de fortalecer las inspecciones laborales para verificar el cumplimiento de las obligaciones patronales....more

Holland & Knight LLP

New Mexico Administration Plans to Strengthen Labor and Employment Audits

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As part of his government plan, new Mexico President-Elect Andrés Manuel López Obrador is going to strengthen the audits for employers to verify their compliance with employment laws. The new administration specifically will...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

It’s time for Profit Sharing Payment in Mexico!

As provided by the Mexican Federal Constitution and the Federal Labor Law (FLL), employees are entitled to receive profit participation on their employer’s profits every fiscal year. Ten percent of the company’s taxable...more

King & Spalding

Mexico's New E&P Contracts

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Historical Background - Early Mexican E&P: Early in the last century, Mexico became both an important oil producing nation and trendsetter in nationalization of oil industries. In the process it told a...more

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