Fines imposed by the ICAC (Spanish Accounting and Auditing Institute) to companies infringing the obligation to file the annual accounts amount in aggregate to 852,283 euros in 2021 The ICAC carried out a total of 165 disciplinary investigations in 2021, fines averaging 5,165 euros per review.   Penalties for companies failing to file their annual […]

Banking secrecy exception in tax matters in Mexico INTRODUCTION On May 10, 2022, the Supreme Court of Justice of the Nation (SCJN) declared the constitutionality of the rule that establishes that the country’s tax authorities can access, through of the National Banking and Securities Commission (CNBV), to the person’s banking information, without the need of […]

Resolution of the supreme court regarding the right of access to information Considering it to be of special interest, ECIJA communicates to its clients and friends, the resolution of the Supreme Court (SCJN) by majority vote, on a very sensitive issue: the constitutional right of access to information. I     Antecedent In 2019, the Attorney […]

Constitutional electoral reform in Mexico: a paradigm shift BACKGROUND On April 28, 2022, the Federal Executive filed an initiative to reform various articles of the Mexican Constitution on electoral matters (the “Initiative”). The main points of the Initiative, which is pending for discussion and possible approval by the Congress and the State Legislatures, will be […]