The Supreme Court of Justice of the Nation in Mexico has ruled in favor of Telefónica Movistar, confirming that the Ministry of Finance does not have the legitimacy to challenge a legal protection granted to the telecom company. This legal decision pertains to a tax credit of 4.442 billion pesos for the fiscal year 2015, effectively exempting Movistar from the obligation to pay this amount. The ruling emphasizes the lack of procedural legitimacy of the tax authority as a third interested party in the case, solidifying the favorable outcome for Movistar.

The case highlights critical aspects of legal jurisdiction concerning tax authorities in Mexico, marking a significant moment for corporate taxation in the country. The court's decision not only protects Movistar from a substantial financial obligation but also sets a precedent regarding the limitations of the government's powers in fiscal disputes. With this ruling, Movistar is positioned to continue its operations without the burden of this particular tax liability looming over it.

This ruling can have broader implications for other multinational companies operating in Mexico, particularly those facing similar tax evaluations and disputes with the Treasury. It raises questions regarding the legitimacy of the government's claims and the rights of corporations to contest such financial impositions. The outcome may inspire more companies to pursue legal recourse in similar situations, potentially altering the dynamics of corporate taxation in Mexico.