Plan Mexico: Tax Incentives

On January 21, 2025, the government of Mexico published a decree offering tax incentives to promote new investments in (i) fixed assets, (ii) workforce training, and (iii) innovation for both domestic and foreign companies, including micro, small, and medium-sized enterprises (Mipymes). These tax incentives are part of the "Plan Mexico". Although the decree entered into force, companies cannot benefit from these tax incentives yet, as explained below.

Immediate tax deduction for Investments

The decree allows taxpayers to deduct investments in new fixed assets immediately acquired between January 22, 2025, and September 30, 2030. The deduction percentage depends on the type of asset. This incentive excludes office furniture, internal combustion engine vehicles, and vehicle armoring equipment. Additionally, assets must remain in use for a minimum of two years after the deduction.