Mexico Increases Tax Incentives to Promote Nearshoring

Posted by Arturo González on 10/18/23 5:00 PM

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:

Topics: Tax, Mexico

Expeditors' Newsflash articles are compiled from a number of public sources that, to the best of Expeditors' knowledge, are true and correct. It is our intent to present only accurate information. However, in the event any information contained herein is erroneous, Expeditors International of  Washington, Inc. accepts no liability or responsibility.                                                                                           

Copyright © Expeditors International of Washington, Inc.  Expeditors' Newsflash articles may not be reproduced in any form without advanced written consent of an authorized officer of the copyright holder.     

Recommended for you