In line with the “Plan Mexico” presented on January 13, 2025 by the head of the Federal Executive, which contemplates certain initiatives and goals to promote the economic and social development of the country until 2030, on January 21, 2025, the “Decree by which fiscal incentives are granted to support the national strategy called ‘Plan Mexico’, to promote new investments that encourage dual training programs and promote innovation” was published in the Official Gazette of the Federation (DOF, for its acronym in Spanish). The Decree establishes two tax incentives applicable to companies taxed under the general regime or the simplified trust regime, as well as to individuals with business and professional activities.

1.  Immediate deduction of investments

This tax incentive consists, in general terms, of the immediate deduction of the investment made in new fixed assets acquired as of the entry into force of the referred Decree and until September 30, 2030, destined exclusively to the performance of its main activity, through the application of percentages higher than those established in the Income Tax Law for the investments in question.

2. Additional deduction for training and innovation expenses

Through this tax incentive, an additional deduction is granted equivalent to 25% of the increase in: a) the expenses incurred for training received by each active worker registered with the Mexican Social Security Institute, and b) innovation expenses related to investment projects for obtaining patents or initial certifications required by taxpayers for their integration into local/regional supply chains.

For purposes of these incentives, an “Evaluation Committee” will be created to analyze the requirements to be met by the investment projects, as well as to issue the certificate of compliance to the taxpayers interested in applying the referred incentives.

We recommend a careful review of the applicable requirements for each tax incentive, as well as the cases of exception.

Likewise, with the entry into force of the above mentioned Decree, the “Decree by which tax incentives are granted to key sectors of the export industry, consisting of the immediate deduction of the investment in new fixed assets and the additional deduction of training expenses”, published in the DOF on October 11, 2023, as well as the amendments to the same published on December 24, 2024, are no longer in effect. In general terms, such Decree contemplated the tax incentives described above with some fundamental differences, such as the fact that the incentives were applicable only to certain taxpayers in certain industries and that their application was not subject to approval by an Evaluation Committee.

We provide you with the link where you can consult this publication:

https://www.dof.gob.mx/nota_detalle.php?codigo=5747410&fecha=21/01/2025#gsc.tab=0

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