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Mexican Companies Must Submit Annual Shareholders Report to Tax Authority by March 31st

As a reminder, Mexican companies with foreign investments must submit their annual shareholders report to the Tax Authority (RNIE) before March 31st. This report requires personal details of shareholders or partners, including information on where they pay taxes.

In addition to the shareholders report, Mexican companies are required to meet several other financial regulatory compliance requirements. These include:

  • Submitting quarterly reports if they meet certain financial benchmarks
  • Updating their information in the Mexican Entrepreneurial Information System (SIEM)
  • Renewing employer registration with immigration authorities and presenting a recent tax return
  • Reviewing and modifying internal labor policies to comply with changing regulations
  • Preparing labor contract addendums for salary raises or changes in working conditions
  • Reviewing and updating data protection and intellectual property policies to ensure compliance with the latest regulations
  • Renewing leases on company properties
  • Providing up-to-date information to banks servicing corporate accounts

Common Questions and Concerns

At Biz Latin Hub, we have extensive experience helping clients navigate entity legal compliance in Mexico. Here are some common questions and concerns our clients often ask:

  • What are the most common statutory appointments for a company in Mexico?
  • Is a registered office address required for all entities in Mexico?
  • When must an Ordinary Shareholders Meeting be held in Mexico?
  • How do I notify RNIE of any changes to my company in Mexico?
  • What is the Annual Income Tax Operation and when is it held in Mexico?

Expert Assistance

At Biz Latin Hub, we offer a range of services to help businesses navigate financial regulatory compliance in Mexico. Our team of experts can assist with:

  • Accounting & taxation
  • Company formation
  • Due diligence
  • Hiring & PEO
  • Corporate legal services

If you have any questions or concerns about entity legal compliance in Mexico, please don’t hesitate to contact us today.