2024-03-02 19:46:17
The Confederation of Mexican Workers (CTM) announced that from March 1 it will be announced a reduction in the salary tax for workers. But of course, it has its restrictions.
Who will be able to enjoy the salary tax reduction?
As reported by the CTM, the reduction in the salary tax will be applicable exclusively to those workers whose income is in the range of one to two minimum wages.
This decision arises in response to the recent increase in the minimum wage, which experienced an increase in 20% at the beginning of this year.
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The increase in the minimum wage led to tax reductions
The increase in the minimum wage in the Mexican formal sector has entailed a corresponding increase in the tax rate applied to these salary levels, which has motivated the CTM to take these measures.
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Within the framework of his 141 Ordinary General Assembly, the deputy general secretaries of the CTM, Fernando Salgado and Tereso Medina, detailed that an agreement was reached with authorities of the Ministry of Finance and Public Credit and the National Minimum Wages Commission to prevent workers from having their income affected.
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