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Mexico to Maintain Tax Breaks in Northern Border Regions and Introduce Tax Breaks in the South

|Proposed Changes|Mexico
Mexico

Mexican President Andrés Manuel López Obrador reportedly announced on 27 November that he will be issuing a decree to maintain existing tax breaks provided in northern regions on the border with the United States. This includes extending the following to 31 December 2024:

  • An income tax credit equal to 1/3 of the tax due for a period, which effectively reduces the corporate income tax rate from…

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