Source: Santamarina y Steta SC
Executive Summary:
- On January 21, 2025, the Decree granting tax incentives to encourage new investments, which encourage dual training programs and promote innovation, consisting of immediate deduction of fixed assets, as well as an additional deduction for training, was published in the Official Gazette of the Federation.
This stimulus replaces the fiscal incentives for key sectors of the export industry, previously published on October 11, 2023 and its subsequent modification on December 24, 2024. The particularities of the new stimulus are the following:
- Who can apply for tax incentives?
- Legal entities under the general regime, the simplified regime, as well as individuals with business and professional activities.
- What is?
- In the immediate deduction of the investment in new fixed assets, acquired from January 22 to September 30, 2030, deducting in the year in which the investment is made the amount that results from applying to the original amount of the investment, only the percentages established in the Decree itself[1], instead of those indicated in the Income Tax Law, as appropriate. This will only apply to investments that remain in use for a minimum period of two years immediately following the fiscal year in which their immediate deduction is made (with some exceptions) and is not applicable in the case of office furniture and equipment, automobiles powered by internal combustion engines, automobile armoring equipment, or any fixed asset that is not individually identifiable, or in the case of aircraft other than those used for agricultural spraying. An additional incentive is also established, consisting of a deduction applicable in the annual declaration until the year 2030, equivalent to 25% of the increase in the expenditure incurred for training received by each of its workers in the year in question or for the expenses incurred for innovation.
- What requirements must be met? Among others, the following must be met:
- Be registered in the Federal Registry of Taxpayers and have the tax mailbox enabled.
- What requirements must be met? Among others, the following must be met:
- Be registered in the Federal Registry of Taxpayers and have the tax mailbox enabled.
- Have a positive opinion on compliance with tax obligations.
- Submit the investment project; the collaboration agreement signed with the Ministry of Public Education on dual education; the investment project for the development of the invention or for the initial certification, as the case may be.
- Have the certificate of compliance issued by the Evaluation Committee to apply the tax incentives.
- Comply with the guidelines issued for this purpose by the Evaluation Committee.
Symbiosis focuses its efforts in terms of export promotion, assistance with direct investment, and internationalization of Canadian companies. With deep cultural and business ties with the region and an understanding of the challenges presented to Canadian clients doing business in Mexico. Our team is positioned to timely and efficiently assist clients in providing counsel and the legal tools to assist in their positioning in Mexico. For further information, please contact us or book a call/video conference with a member of our team, it would be our pleasure to meet you and talk about your project.
