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Mexico’s Top Court Rejects Elektra, TV Azteca Bid to Delay 33.5 Billion-Peso Tax Cases

The Court will move to decide the constitutional appeals, positioning tax authorities to collect if the credits stand.

Overview

  • Hugo Aguilar, president of the Supreme Court, denied the companies’ request to suspend rulings, saying there is no legal basis to pause decisions for a prospective negotiation.
  • The seven pending appeals involve credits totaling 33,477 million pesos, with five cases tied to Grupo Elektra and two to TV Azteca.
  • Lower courts have already upheld the tax authority’s resolutions, so the Supreme Court’s review is confined to constitutional questions.
  • Grupo Salinas proposed on October 16 to settle under two scenarios—about 5,691 million or 8,964 million pesos—but the federal fiscal prosecutor said it would not answer, calling the letter a delay tactic.
  • Elektra’s amparo over the prosecutor’s silence was admitted by the Eighth District Court, while a separate attempt to recuse the nine justices was promptly dismissed.