On December 24, 2024, a decree was published in the Official Journal (Diario Oficial de la Federación or DOF) extending the validity of several tax incentives for the fiscal year 2025. The original term of such decrees was foreseen until 2024. The specific decrees that are affected by this extension are detailed below:
- Decree granting tax incentives to key sectors of the export industry consisting of the immediate deduction of the investment in new fixed assets and the additional deduction of employee training expenses;
- Decree establishing tax incentives for the northern border region;
- Decree establishing tax incentives for the southern border region;
- Decree establishing tax incentives regarding the special tax on production and services, applicable to specific fuels,
- Decree establishing complementary tax incentives for automotive fuels; and
- Decree establishing tax incentives for the sale of specific fuels in the southern border of Mexico.
The President extended the validity of such decrees in order to promote investment and increase the productivity of Mexican companies, as well as to encourage nearshoring in key sectors of the export industry and to stimulate economic activity in the northern and southern border regions of the country.
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