Overview
- In Mexico, only the share of profit participation above 1,759.65 pesos is taxed, and employers must withhold income tax on the excess.
- Mexican law sets payment cutoffs at May 30 for companies and June 29 for individual employers.
- Employers with more than 300,000 pesos in annual income that reported profits must distribute 10% of taxable earnings, split by days worked and by wages.
- Nonpayment in Mexico can lead to inspections and fines from 250 to 5,000 UMA, which equals about 29,327.50 to 586,550 pesos per affected worker.
- Peru confirmed that part‑time workers receive a proportional share, with sector rates of 10%, 8%, 7.5% for agrarian through 2026, and 5% for other activities, and late payments accrue interest at the central bank rate.