Minimum wages in Mexico’s three geographic zones will be raised on Jan. 1, 2011
23/12/10 09:18 Filed in: ECONOMY
Mexico raises 2011 daily Minimum Wage 4.1%
December 20, 2010
Mexico will raise the minimum daily wage an average of 4.1 percent next year. Minimum wages in Mexico’s three geographic zones will be raised on Jan. 1, 2011, the National Minimum Wage Commission stated.
The minimum wage in Zone A, which includes Mexico City and several cities on the U.S. border including Tijuana, Mexicali, Tecate and Ensenada, will increase to 59.82 pesos ($4.84) a day. In Zone B, wages will rise to 58.13 pesos ($4.71) daily. This zone includes some of Mexico’s largest cities such as Monterrey and Guadalajara. Wages in Zone C, which applies to the majority of cities, will increase to 56.70 pesos ($4.59) a day.
We recommend set the updates in your payroll system to adjust the New Minimum Wage as of Jan. 1, 2011 and consider it for all provisions where minimum wage is computed.
Contact:
Elisa Ibáñez A.
Human Capital Taxation
elisa.ibanez@monroycp.com
+52(664)972-9072
Note: Exchange rate 12.3459X1
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