On October 11, 2023, in the “Diario Oficial”, the Mexican Revenue Administration Service (SHCP) published a tax incentive to deduct the investment made on new fixed assets used in the production, elaboration, or manufacturing of a wide list of items that are exported out of Mexico.
This tax incentive also provides an additional 25% deduction on investments in the training of employees.
The incentive is focused on a variety of industries including automotive, electronic, pharmaceutical and agriculture.
The tax incentive became effective on October 12, 2023.
For more information, please visit: https://dof.gob.mx/nota_detalle.php?codigo=5704676&fecha=11/10/2023#gsc.tab=0
