Today, the Government of Mexico published a new decree in the Official Gazette of the Federation through which fiscal stimuli are granted as part of the “Plan Mexico,” a national strategy aimed at fostering new investments, boosting technological innovation, and strengthening local and regional value chains. This decree seeks to promote job creation and economic development through incentives directed at both national and foreign companies.
Today, the Government of Mexico published a new decree in the Official Gazette of the Federation through which fiscal stimuli are granted as part of the “Plan Mexico,” a national strategy aimed at fostering new investments, boosting technological innovation, and strengthening local and regional value chains. This decree seeks to promote job creation and economic development through incentives directed at both national and foreign companies.
The fiscal stimulus consists of allowing the immediate deduction of investments in new fixed assets, as well as an additional 25% deduction on the increases in expenses aimed at technical training and innovation projects. These benefits are designed to encourage investment in infrastructure, the improvement of labor capabilities, and the development of inventions that contribute to obtaining patents and initial certifications.
The beneficiaries of this decree are legal entities that pay taxes in accordance with Titles II (General Regime of 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 stimuli, taxpayers must be registered in the Federal Taxpayer Registry, have an enabled tax mailbox, present investment projects or collaboration agreements in dual education, and obtain the compliance certificate issued by an Evaluation Committee that will be specially created for this purpose.
The decree will come into force on January 22, 2025, allowing taxpayers to begin applying the fiscal stimuli from that date until September 30, 2030. During this period, the aim is for the benefit 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 incomes less than 100 million pesos.
However, not all taxpayers will be able to access these stimuli. Those who are in liquidation, face firm tax credits, or are involved in operations with taxpayers sanctioned by the Tax Administration Service under Articles 69 and 69-B of the Federal Fiscal Code are excluded. Companies with irregularities in their tax records or those whose digital certificates have been canceled or suspended by the tax authority will also not be eligible.
This decree represents a significant opportunity to incentivize economic growth and innovation in Mexico, offering concrete tools for companies to invest in technology and in the training of a more skilled workforce.
