Dear Clients and Friends:
Please be advised that on December 11, 2015, it was announced that the Mexican Council of Representatives of the National Minimum Salary Commission unanimously agreed to grant a 4.2% (four point two percent) increase on the daily minimum salary in Mexico for 2016.
The new daily minimum salary that will be in effect in Mexico as of January 1st , 2016 shall be MX$73.04 (Seventy Three 04/100 pesos, Mexican currency).
We will keep you posted on further developments as they become available.
Ernesto Velarde Danache, Inc.