Overview
- The Supreme Court confirmed Primero Empresa Minera must pay 2,868,853,516.57 pesos covering income tax, the former single-rate business tax, updates, surcharges, and fines for fiscal year 2012.
- Justices approved Minister Lenia Batres’s project, which left intact the validity of SAT’s November 25, 2019 order 900-06-04-0000-2019-000773.
- The Court granted a challenge from the Finance Ministry and revoked an earlier decision by then-president Norma Piña that had admitted the company’s constitutional appeal.
- On October 23, the Court fined the company 7,919 pesos for an unfounded bid to recuse Minister Yasmín Esquivel that delayed proceedings.
- Primero Empresa Minera, the Mexican unit of Canada’s First Majestic Silver, previously pursued international arbitration over tax disputes, and the 2023 administrative tribunal ruling upholding the SAT order now stands.