Chihuahua, Chih., February 28th, 2024
Dear Friends and Clients,
As part of the social security compliance, you may be incurring higher contributions than necessary in the payment of fees to the Mexican Social Security Institute (IMSS). The following aspects could be potential reasons for this:
One of the reasons you might be paying more than required is an incorrect premium factor in the Occupational Hazards Insurance:
- Due to an incorrect classification from the applicable.
- In previous years, the authorities may have considered risks that do not apply.
To address this situation and ensure proper payments, as well as to pursue a refund if is applicable, it is advisable to review the declared information and check for any rectifications by the authorities.
It is essential to remember that during the month of February, the determination of the Premium in the Occupational Hazards Insurance must be submitted to the Mexican Social Security Institute (IMSS). This involves declaring whether the company increases or decreases the premium factor used to pay occupational hazards fees.
Looking forward in providing you with our legal expertise to duly comply with all the aforementioned, our law firm is prepared to provide effective and timely legal support required to comply with the annual legal obligations and prevent any related legal risk.
You can contact either: Rolando Castellanos-Macal at rcastellanos@iclmx.com; and Jorge Almanza-Ríos at jalmanza@iclmx.com; for any further information that you might require.
