What is an “Aguinaldo” and how is it calculated?

The Aguinaldo or “Christmas bonus” is a benefit provided for the Mexican worker and has been a part of the labor law since 1970. It is both compulsory and is not waivable. The payment is equal to at least 15 days of salary for the employee who has worked one year. If the worker has not worked a full year with the employer, he/she must receive the More...

by sanmigueltimes | Published 2 years ago
By sanmigueltimes On Saturday, December 8th, 2018

BMW to expand 3 Series production in Mexico

The German multinational company BMW announced that it will transfer a part of the production of its 3 Series vehicle from Germany to Mexico, after the company’s plant in San Luis Potosí exceeded expectations More...

By sanmigueltimes On Monday, December 3rd, 2018

Fashion industry in Mexico’s Guanajuato goes global via Web

Digital platforms are becoming the new global catwalks for fashion and design companies in the Mexican state of Guanajuato, where the fourth edition of its Fimoda fashion industry fair was inaugurated on Thursday. “We More...

By sanmigueltimes On Monday, December 3rd, 2018

Quick Facts About Capital Gains Tax in Mexico

Capital gains tax is assessed on the profit gained by selling a property. It is possible to reduce or eliminate capital gains tax when it comes time to sell your property. Provide proof that the property is your More...

By sanmigueltimes On Sunday, December 2nd, 2018

According to Bloomberg BNEF, Mexico was the main destination for clean energy investments in 2017

According to the Climatescope report released this week by the energy analysis firm Bloomberg BNEF, Mexico was the main destination for investments in clean energy in Latin America in 2017. The report highlighted More...

By sanmigueltimes On Saturday, November 24th, 2018

Thor Equities opens retail centers all over Mexico

Within the span of little more than a month, Thor Equities will have opened retail centers with more than 5 million buildable sq. ft. in Mexico. In concert with its Mexican subsidiary Thor Urbana, the developer More...

By sanmigueltimes On Friday, November 23rd, 2018

Querétaro attracted 16 major aeronautical projects in three years

“During the last three years, 16 investment projects of the aerospace industry “landed” in the state of Querétaro, which together represent a capital of over 3 billion pesos”, according More...

By sanmigueltimes On Thursday, November 22nd, 2018

Take advantage of the Black Friday specials without leaving your home

You already know all the big box stores will be having major Black Friday sales, and that attending in person is unlikely to be a pleasant experience. Why would you do that? Instead, grab a beverage and a turkey More...

By sanmigueltimes On Monday, November 19th, 2018

Mexico authorizes 26 new Brazil meat plants to export chicken

SAO PAULO, Nov 19 (Reuters) – Mexico has authorized 26 Brazilian meat plants to export chicken products into the country, Brazil’sAgriculture Ministry said on Monday, as the two nations strengthened More...

By sanmigueltimes On Sunday, November 18th, 2018

AMLO conforms advisory business council

As published by Mexico News Daily, President-elect López Obrador reached out to the business community yesterday, naming eight businessmen to a new business advisory council. In a video message published on social More...