Mexico raises 2012 daily Minimum Wage 4.2%
03/01/12 09:51
December 19, 2011
Mexico will raise the minimum daily wage an average of 4.2 percent next year. Minimum wages in Mexico’s three geographic zones will be raised on Jan. 1, 2012, 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 62.33 pesos a day. In Zone B, wages will rise to 60.57 pesos 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 59.08 pesos a day.
We recommend set the updates in your payroll system to adjust the New Minimum Wage as of Jan. 1, 2012 and consider it for all provisions where minimum wage is computed.
Contact:
Elisa Ibáñez
Human Capital Taxation
eibanez@mmc-mx.com
+52(664)972-9072
Mexico will raise the minimum daily wage an average of 4.2 percent next year. Minimum wages in Mexico’s three geographic zones will be raised on Jan. 1, 2012, 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 62.33 pesos a day. In Zone B, wages will rise to 60.57 pesos 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 59.08 pesos a day.
We recommend set the updates in your payroll system to adjust the New Minimum Wage as of Jan. 1, 2012 and consider it for all provisions where minimum wage is computed.
Contact:
Elisa Ibáñez
Human Capital Taxation
eibanez@mmc-mx.com
+52(664)972-9072
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Important items published on the Official Gazette
04/01/11 09:32
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