Mexico City, October 13, 2023
On October 11, 2023, the Ministry of Finance and Public Credit published in the Official Gazette of the Federation a decree granting tax incentives for ten key sectors of the export industry, as well as for taxpayers engaged in the production of cinematographic or audiovisual works.
This tax incentive entails making immediate deductions on new fixed assets whose acquisition is intended to be used exclusively for the development of key activities, deducting in the year in which the investment is made the percentages set forth in the decree.
Furthermore, the tax incentives include an additional 25% deduction during the fiscal years 2023, 2024 and 2025 for training granted to the beneficiaries’ employees of such tax incentives.