translated from Spanish: Morena goes in the Senate for regulating informal trade

The parliamentary group of the Morena party in the Upper House of the Congress of the Union promotes a legislative initiative whose purpose is to regulate informal trade throughout the Mexican Republic. This new regulatory framework contemplates economic sanctions, as well as the withdrawal of merchandise from sellers who do not comply with the stipulations. The Moreno senator María Soledad Luévano presented a draft 9 of decree by which the Law of the Promotion of Informal Trade is issued, which was turned over to the commissions of Economy and Second Legislative Studies to be analyzed by the members of the same. According to the project, informal trade has always occupied a relevant place in Mexico’s public finances, hence it has become a constant in the economy of millions of Mexican families. In this framework of things, Luévano Cantú proposes the creation of a register, which will be carried out by the Ministry of Economy, in which all merchants in the nation who are outside the tax incorporation regime will have to be registered, that is, who do not pay taxes to the Tax Administration Service (SAT) or the contributions to the Mexican Institute of Social Security (IMSS). It also contemplates supporting informal traders with a subsidy, which consists of 25% of the tax taxes that must be paid for 5 consecutive years, counted from the first moment in which they regularize their situation. In addition, it contemplates prohibiting informal trade in Mexico, as well as determining the corresponding reprimands for those businesses that are not correctly registered in the register. Read more: Undersecretary did talk about limiting operations in the AICM: they refute García VilchisSeñala that, when a trade without tax registration is detected, the authorities may proceed to take all the goods, which will be returned until it regularizes its registration and covers the sanction imposed. Water outbreak floods luggage room at AICM

Original source in Spanish