Mexico: Updated value of UMI for 2024

Value of the UMI for 2024 is MXN 100.81

Value of the UMI for 2024 is MXN 100.81

The Institute of the National Workers' Housing Fund (Infonavit) on 18 January 2024 reported the update of the value of the Infonavit Mixed Unit (UMI), the unit of measure for credits from the Infonavit denominated in minimum wages. Infonavit reported an increase of 4.66%, so the value of the UMI for 2024 is MXN 100.81.

Employers must analyze the impact of this update on the determination of those housing credits granted by Infonavit and that have been issued in minimum wages.

The corresponding update to the single system of self-determination (SUA) with the value of the UMI for 2024 is pending.

Read a January 2024 report (Spanish) prepared by the KPMG member firm in Mexico



The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.