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IMPACT – HIGH
What is the reminder? Companies must update their corporate registration within 30 days of filing their taxes.
Background: Mexican companies that employ foreign nationals should update their corporate registration certificate with INM as soon as their annual tax returns for 2018 are completed. The tax filing deadline is March 30 and the corporate registration filing is required to be completed within 30 days. To prevent any sponsorship disruptions, companies should work with INM to validate certificates before the end of April. Company representatives may be required to make an in-person appearance to complete the company registration process at their local regional office.
Employers should also take into account staffing changes at the INM regional offices that may have an impact on corporate registration filings in the first quarter of 2019. Read more here.
Analysis & Comments: Companies should file tax documents in advance of the March 30 deadline and complete the subsequent corporate registration certificate updates as soon as possible to prevent any lapse in their ability to sponsor foreign nationals.
Source: Deloitte LLP. Deloitte LLP is a limited liability partnership registered in England and Wales with registered number OC303675 and its registered office at 1 New Street Square, London EC4A 3HQ, United Kingdom.
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