On December 7th, 2022, it was published in the Official Gazette of the Federation the resolution issued by the Council of Representatives of the National Minimum Wage Commission pursuant to which the Mexican government, the labor and business sectors agreed a 20% increase to both the minimum wage and the professional minimum wage, which will be in effect as of January 1st, 2023.
By virtue of the aforementioned resolution, the minimum daily wage in most of Mexico will increase from MXN $172.87 to $207.44, which represents a minimum monthly salary of MXP$6,223.20.
At Gonzalez Calvillo, we are prepared to provide any advice required about these new regulatory provisions.
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About Gonzalez Calvillo
For over 35 years, Gonzalez Calvillo has been at the forefront of the legal market in Mexico as a full-service leading law firm due to its transactional core and expertise in a wide range of practice areas. The firm is recognized for its ability to build cross-disciplinary teams for the most complex legal challenges and long track record of successfully providing groundbreaking business and regulatory advice to high-profile domestic and international companies. Often described as a pioneer of the Mexican legal services industry, the firm is known for its commitment to do things differently, bespoke solutions, and creating transformational legal changes that enable clients to achieve their objectives.