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The Technical Council of the Mexican Institute of Social Security (IMSS) has just released a plan to help companies affected by the Covid-19 contingency. This plan consists of deferring the payment of employer contributions for up to 12, 24 or 48 months.

To be able to defer the payment it is necessary to pay 20% of the employer's contributions and 100% of the worker's contributions; the rest is what can be deferred up to 48 months.

The amount to be deferred will be paid after its deadline, therefore said amount will generate updates and surcharges ranging from 1.26% to 1.83% monthly depending on the term chosen. If the agreed commitments are timely covered, the fines may be reduced up to 90% in accordance with the provisions of the IMSS Technical Council Agreement 187/2003, published in the Official Gazette of the Federation on July

issued the Agreement 187/2003, published in the Official Gazette of the Federation on July 15th, 2003.

In addition, on March 31st, IMSS Technical Council issued the agreement ACDO.AS2.HCT.300320 / 115.P.DIR, by means of which it determines that the period from March 31st until further notice by the Technical Council, will be considered as non-working days for the practice of actions, proceedings, hearings, notifications or requests.

The following procedures will be considered as non-working days: Actions and procedures, reception of documents and reports, notifications, summons and requests for initiation, substantiation and resolution of administrative procedures, requests for reports or documents and appeals.

At Toulet & Gottfried we are committed to keeping you informed of all 15th, 2003.

developments that may impact your operations.

Toulet & Gottfried



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