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Mexican Government Launches New Tax Incentives for Investment in Interoceanic Corridor

09 June 2023

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Approved Changes

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Mexico

The Mexican Ministry of Finance has announced the launch of new tax incentives for companies that invest in one of the 10 development poles (industrial parks) located in the so-called Interoceanic Corridor of the Isthmus of Tehuantepec, which is located in the southeast of the country between the cities of Coatzacoalcos on the Gulf of Mexico and Salina Cruz on the Pacific Ocean. The tax incentives include: Total exemption from income tax (ISR) during the first 3 years of operation, followed by a 50% ISR reduction in years 4, 5, and 6, which may be increased up to a 90%...