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What is the UMA and how does it impact fines and taxes in Mexico in 2025?

Summary by KIFI
By Liz Padilla, CNN en Español In Mexico, there is an economic value that serves as a measure or economic reference for the payment of obligations and rights established in Mexican laws, the Measurement and Update Unit (UMA). The UMA was created in 2016 to replace the minimum wage as a reference in the calculation of legal obligations, fines or taxes, and thus prevent increases in the minimum wage from generating increases in all amounts that we…

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Periódico Expreso - Más Cerca de Ti broke the news in on Thursday, January 9, 2025.
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