Date: 2020/05/05The world faces the reality of a pandemic that affects not only health, which is the most important but also profoundly impacts regions and industries trying to maintain commercial operations.
Act of God or Force Majeure because of the Coronavirus (COVID–19)
With respect to fiscal matters, it is possible to question if the measures to suspend the activities that are included in the extraordinary actions issued by the Secretariat of Health may lead us to conclude that there is a provision for an act of God or force majeure.
Risk Control regarding Money Laundering Prevention and Actions from the National Banking and Securities Commission
In virtue of: “the Agreement that establishes the preventive measures that must be implemented regarding the mitigation and control of health risks caused by the SARS-CoV2 (COVID-19) virus” , the Financial Intelligence Unit (FIU) [in Spanish: la Unidad de Inteligencia Financiera] (UIF), together with the Tax Administration Service [in Spanish: el Servicio de Administración Tributaria] (SAT)...
Hygiene and Safety Measures issued by the General Health Council and the Secretariat of Health
The federal government has acknowledged the COVID-19 virus as a serious illness that requires priority attention since the number of cases continue to increase, and it has recommended that the inhabitants of the country remain inside of their homes in order to curb the infection.
Operational planning guidelines and state stimulus packages for confronting COVID-19 published up to March 31, 2020
Faced with the contingency brought on by the worldwide pandemic that is caused by COVID-19 that has direct consequences to the economic sector, it has become essential that the individual states provide subsidies and/or tax benefits to taxpayers during this public health emergency period in order to support them, and to contribute to the recovery of the local economy.
Administrative regulations for compliance with tax obligations on local contributions
As a consequence of the health contingency caused by the coronavirus (COVID-19) and to protect the health and integrity of the general population, governments have granted some administrative regulations with the purpose of (I) mitigating the propagation of the virus mentioned above; (II) easing the compliance with tax obligations, and (III) counteracting the negative effect on the taxpayers' economy.
COVID-19 PHASE 2: HEALTH SECRETARIAT AGREEMENT MARCH 24, 2020
On March 24, 2020, the Agreement establishing the preventive measures to be implemented for the mitigation and control of the health risks of the disease caused by the SARS CoV2 (COVID-19) virus was published in the Federal Official Gazette.