15 July 2024
Viewpoints
Tax benefits for contributors to key operations in certain zones located in Yucatán, Mexico
In order to promote investment, encourage economic growth, and the creation of formal jobs in the peninsular region of the Yucatan (where the Mayan Train will pass through) the Mexican Ministry of Treasury (SHCP by its acronym in Spanish) issued a Decree on June 28, 2024 that grants tax incentives and administrative facilities to taxpayers that invest and develop certain productive economic activities within the "Progreso I" and "Merida I" Industrial Parks located in the municipalities of Progreso and Merida in the State of Yucatan, Mexico (the Decree).