On January 10, 2025, the updated value of the Unit of Measure and Update (“Unidad de Medida y Actualización” or “UMA”) calculated by the National Institute of Statistics and Geography (INEGI) was published in the Federal Official Gazette (DOF). The new value will take effect on February 1, 2025, representing a 4.21% increase compared to the previous year. The UMA is an economic reference used as a basis for calculating payments, obligations, or fines owed to the government, whether under federal or local law. Its updated value is published annually.
The values of the UMA for 2025 will be as follows:
|
Year |
Daily |
Monthly |
Annual |
|
2025 |
$113.14 MXN |
$3,439.46 MXN |
$41,273.52 MXN |
The variation from the 2024 UMA is +4.21%.
These values were calculated in accordance with the procedure established by the Law for Determining the Value of the UMA, considering the year-on-year variation in the National Consumer Price Index (INPC) for December 2024.
The UMA was adopted as an economic reference in 2016. Before this, the minimum wage was used to calculate payment obligations and penalties. Any reference to the minimum wage that is maintained in the legislation or the legal system and that is not related to employment relationships or payments derived from employment relationships, will be understood as a reference to the UMA, which will be the new value that must be considered for the payment of obligations according to federal and state laws.
Accordingly, it is important for employers to review their individual and collective labor contracts to determine how the UMA will affect the social security benefits agreed upon by the parties. Similarly, employers should review and adjust their payroll practices as appropriate to comply with UMA-related requirements.
This update has significant implications, and both individuals and entities should pay close attention. Among the most notable impacts are:
- Anti-Money Laundering: Adjustments to thresholds for reporting vulnerable transactions and amounts requiring client identification.
- Tax Matters: Updates to limits for personal deductions, determination of fines and surcharges, and caps for special tax regimes.
- Financial Sector: Changes to maximum amounts for cash transactions, credit limits, and thresholds for reporting relevant operations.
- Social Security: Impacts on the calculation of employer-employee contributions, salary caps, and pension determinations.
- Administrative Matters: Updates to fines and administrative sanctions imposed by authorities such as COFEPRIS, PROFECO, COFECE, CNBV, among others.
- Real Estate and Construction Sector: Effects on the determination of INFONAVIT mortgage loans and financing limits.
Failure to address these changes promptly may result in significant penalties, missed business opportunities, and unnecessary operational risks.
Symbiosis focuses its efforts in terms of export promotion, assistance with direct investment, and internationalization of Canadian companies. With deep cultural and business ties with the region and an understanding of the challenges presented to Canadian clients doing business in Mexico. Our team is positioned to timely and efficiently assist clients in providing counsel and the legal tools to assist in their positioning in Mexico. For further information, please contact us or book a call/video conference with a member of our team, it would be our pleasure to meet you and talk about your project.
