MINIMUM WAGE IN MEXICO FOR 2010
21/02/10 17:33 Filed in: HUMAN CAPITAL TAXATION
Mexico raises 2010 Daily Minimum Wage in 4.85%
Mexico will raise the minimum daily wage an average of 4.85 percent next year. Minimum wages in Mexico’s three geographic zones will be raised on Jan. 1, 2010, 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 57.46 pesos ($4.45) a day from 54.80 pesos this year. In Zone B, wages will rise to 55.84 pesos ($4.32) daily from 53.26 pesos. The 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 54.47 pesos ($4.21) a day from 51.95 this year.
We recommend set the updates in your payroll system to adjust the New Minimum Wage as of Jan. 1, 2010 and consider it for all provisions where minimum wage is computed.
Contact:
Elisa Ibáñez A.
Human Capital Taxation
elisa.ibanez@monroycp.com
+52(664)972-9072
Exchange rate considered is $12.923 pesos for dollar as of Dec. 18, 2009.
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 57.46 pesos ($4.45) a day from 54.80 pesos this year. In Zone B, wages will rise to 55.84 pesos ($4.32) daily from 53.26 pesos. The 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 54.47 pesos ($4.21) a day from 51.95 this year.
We recommend set the updates in your payroll system to adjust the New Minimum Wage as of Jan. 1, 2010 and consider it for all provisions where minimum wage is computed.
Contact:
Elisa Ibáñez A.
Human Capital Taxation
elisa.ibanez@monroycp.com
+52(664)972-9072
Exchange rate considered is $12.923 pesos for dollar as of Dec. 18, 2009.
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