On October 1, 2019, the Ministry of the Environment and Natural Resources (SEMARNAT) published an agreement laying out the preliminary terms for setting up a pilot program for the emissions trading system, to be run at no cost to participants.
The Garrigues Mexico office has been recognized for another year running (the fourth in a row) as a Socially Responsible Enterprise (ESR® 2018), a distinction awarded by Centro Mexicano para la Filantropía (Cemefi) and Alianza por la Responsabilidad Social Empresarial (AliaRSE) to companies that have duly met the established corporate social responsibility standards.
On May 16, 2019, the government published in the Official Journal of the Federation the Decree reforming article 113.III and adding an article 113.bis to the Federal Tax Code, in order to reinforce the measures being taken against the purchase and sale of invoices to justify simulated transactions in Mexico.
On August 19th, 2019, the National Agency for Industrial Safety and Environmental Protection of the Hydrocarbons Sector (ASEA), published a Mexican official standard to regulate guard warehouses for the for distribution and retailing of liquefied petroleum gas through portable containers and transportable pressurized containers; for the design, construction and pre-start, operation and maintenance, closure and decommissioning stages.
Garrigues has strengthened its Mexico office by recruiting Manual Llaca and a team of four expert tax litigation lawyers. By hiring these professionals, Garrigues consolidates its Mexico City office and shores up the Tax Department throughout all of Latin America. Garrigues runs a tax practice in the 13 countries in which it operates, including its five regional head offices (Brazil, Chile, Colombia, Mexico and Peru).