1 day£510 +VAT
View course content

Managing payroll in Mexico

Mexico is the 11th largest economy in the world with growth set to continue. It focuses on exports, and operates free trade agreements with over 40 jurisdictions including the USA, Japan and the European Union. Although there is much poverty in the country a growing middle class with increasing purchasing power gives plenty of reasons as to why your company might invest in Mexico and have employees based there

Like any modern economy there are significant payroll and employment law obligations for companies to meet, as well as the variants encountered in working in a Federal country. Our course details the basics of Mexican payroll, and will cover the following areas:

  • Customs and business etiquette
  • Business start up formalities
  • New hire process and paperwork
  • CURP numbers
  • Structure of Tax Administration Service (SAT)
  • RFC Number
  • Income Tax (ISR)
  • Make up to gross pay
  • Food coupons
  • ISR rates and calculations
  • Employment Subsidy
  • Expense reimbursements
  • FIEL signature
  • CFDI – Payslip delivery/reporting
  • ISR payment to SAT
  • IMSS – Employer registration
  • UMA – Unit of measurement and Updating
  • Base salary of Contribution (SBC)
  • IMSS contribution rates
  • IMSS Work Accident Insurance
  • Contribution rates
  • INFONAVIT contributions
  • SUA reporting
  • Employee State Payroll Tax
  • Minimum wage
  • Annual Christmas bonus (Aquinaldo)
  • Mandatory Profit Sharing
  • Annual vacation
  • Family and Sick leave
  • Severance arrangements


Courses Overview

Duration: 1 day Price: £510+VAT
Close

Interested in this course?

Simply click on the "Reserve place" button if you want to book onto this course. Alternatively, if you would like further information please enter your details on the "Ask a question form" or request a call back for one of our team to get back to you and help resolve you query.

Ask your question:

Ensure you're up to date and compliant

Are you happy for us to email you from time to time with with payroll related information, legislation and updates?

Yes please, keep me up to date

Who will it benefit?

This course equips you with essential management knowledge to take a decision as to whether or not to outsource or have a local team running payroll in-house in Mexico.

What you'll achieve?

Delegates will gain an understanding of local payroll legislation and how to compliantly manage an in-house or outsourced payroll provider in Mexico.

Course Content

This course can be run in house making it suitable for attendance from an entire management team as well as payroll professionals - HR and Finance/Tax managers, giving all senior stakeholders an excellent grounding in what’s in store for the company with employees in Mexico or looking to expand their operations into Mexico.

Mexico payroll and tax regulations

  • Customs and business etiquette
  • Business start up formalities
  • New hire process and paperwork
  • CURP numbers
  • Structure of Tax Administration Service (SAT)
  • RFC Number
  • Income Tax (ISR)
  • Make up to gross pay
  • Food coupons
  • ISR rates and calculations
  • Employment Subsidy
  • Expense reimbursements
  • FIEL signature
  • CFDI – Payslip delivery/reporting
  • ISR payment to SAT
  • IMSS – Employer registration
  • UMA – Unit of measurement and Updating
  • Base salary of Contribution (SBC)
  • IMSS contribution rates
  • IMSS Work Accident Insurance
  • Contribution rates
  • INFONAVIT contributions
  • SUA reporting
  • Employee State Payroll Tax
  • Minimum wage
  • Annual Christmas bonus (Aquinaldo)
  • Mandatory Profit Sharing
  • Annual vacation
  • Family and Sick leave
  • Severance arrangements

"Cintra HR & Payroll Services has a long standing relationship with The Learn Centre – they are an absolutely integral part of the payroll community. Their training courses and annual conference are a must for all payroll professionals and not just for up to the minute technical topics: their training really puts payroll and payroll issues into context, taking into account commercial, economic and political influences."Carsten Staehr - CEO at Cintra HR & Payroll Services

Carsten Staehr
CEO at Cintra HR & Payroll Services

View on Linkedin

1 day£510+VAT
Request a call back