Mexico Approves New Cadastre Law; Monreal Says Targets Non-Payers, Not Tax Hike

Mexico's Congress approved the new General Law of Cadastre, which standardizes property registration and valuation procedures. Ricardo Monreal, a key political figure, stated the law aims to make non-payers comply, not to increase property taxes. The law's implementation and actual fiscal impact remain uncertain, but it could affect property tax administration across states.