Today, the Government of Mexico published a new decree in the Official Gazette of the Federation granting tax incentives as part of the "Plan Mexico", a national strategy aimed at fostering new investments, promoting technological innovation, and strengthening local and regional value chains. This decree seeks to promote job creation and economic development through incentives directed at both domestic and foreign companies.
The tax incentive consists of allowing the immediate deduction of investments in new fixed-asset property, as well as an additional deduction of 25% on the increases in expenses allocated to technical training and innovation projects. These benefits are designed to encourage investment in infrastructure, the improvement of labor skills, and the development of inventions that contribute to obtaining patents and initial certifications. The beneficiaries of this decree are legal entities taxed under Titles II (General Regime for Legal Entities) or VII, Chapter XII (RESICO) of the Income Tax Law, as well as individuals under Title IV, Chapter II, Section I of the same law (Individuals with Business and Professional Activities). To access these incentives, taxpayers must be registered in the Federal Taxpayers Registry, have an enabled tax mailbox, submit investment projects or dual-education collaboration agreements, and obtain the certificate of compliance issued by an Evaluation Committee that will be specially created for this purpose. The decree will enter into force on January 22, 2025, allowing taxpayers to begin applying the tax incentives from that date and until September 30, 2030. During this period, the benefit is intended to reach both large companies and micro, small, and medium-sized enterprises (MSMEs), allocating a minimum of 1,000 million pesos exclusively for those with revenues below 100 million pesos. However, not all taxpayers will be able to access these incentives. Excluded are those that are in liquidation, face final tax assessments, or are involved in transactions with taxpayers sanctioned by the Tax Administration Service under Articles 69 and 69-B of the Federal Tax Code. Companies with irregularities in their tax records or those whose digital certificates have been canceled or suspended by the tax authority will also be ineligible. This decree represents a significant opportunity to encourage economic growth and innovation in Mexico, offering concrete tools for companies to invest in technology and in the training of a more skilled workforce. For more information on the application of this new tax incentive, the contact details of our experts are available below: Alejandro Torres, Partner: +52 (55) 5258-1072 | ajtorres@vwys.com.mx Luis Enrique Torres, Counsel: +52 (55) 5258-1023 | ltorres@vwys.com.mx Juan Manuel Morán, Associate: +52 (55) 5258-1072 | jmoran@vwys.com.mx
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