Chihuahua, Chih., May 22th, 2019.
Dear Clients and Friends,
On May 16 of this year, an executive order was published in the Federal Official Gazette, which amended article 113 section III and added article 113 bis; the herein informed amendment foresees the simulated acquisitions, sales, and issuance of tax receipts that cover simulated legal transactions, non-existent or false operations.
Pursuant the amendment of article 113 section III, any person that acquires tax receipts that cover non-existent, false or simulated legal transactions, could face charges that carry a penalty of three months to six years of imprisonment.
As stated on the newly added article 113 bis, whoever issues or transfers tax receipts that cover non-existent, false or simulated legal transactions could face charges that carry a penalty of three to six years of imprisonment; seeking a more severe penalty for the commission of abovementioned conduct.
For more information regarding this topic, please do not hesitate to contact Mr. Sergio Humberto Salas Medrano, Partner of the Fiscal and Administrative Area, at his email ssalas@iclmx.com, as well as Mrs. Ana Gabriela Moreno Luna, at her email amoreno@iclmx.com, and Mr. Fernando Antonio Borunda Bustamante at his email fborunda@iclmx.com.
Lic. Sergio H. Salas Medrano.
Inintegrum Corporación Legal, S.C.