The INPC is an economic indicator prepared by INEGI that measures price changes in a representative basket of goods and services consumed in Mexico. Its main purpose is to reflect inflation trends and serve as a reference for updating monetary amounts established in tax legislation. In tax matters, the INPC is used to update omitted […]
INPC (National Consumer Price Index) Read More »
The daily wage represents the compensation a worker receives for each day worked and serves as the basis for multiple labor and social security calculations. From this wage, the contribution base salary for IMSS purposes is determined, as well as employer and employee contributions, INFONAVIT contributions, and the payment of benefits, severance pay, and settlements.
The Unit of Measure and Update (UMA) is an economic reference value used to calculate fines, penalties, credits, and various obligations established in federal, state, and municipal laws. Its purpose is to decouple these calculations from the minimum wage and allow for annual updates in line with inflation. Meanwhile, the IMSS Unit of Measure (UMI)