| Mexican Government Promotes Nearshoring Through Tax Benefits | Gobierno Mexicano incentiva nearshoring otorgando estímulos fiscales |
| Taking advantage of the nearshoring effect, the Mexican Ministry of Finance and Public Credit (Secretaría de Hacienda y Crédito Público) issued a Decree that will provide tax benefits to key sectors of the export industry (the “Decree”). The Decree was published on October 11, 2023, and will be in effect from that date until 2025. The referred Decree is applicable to legal entities, legal entities in the Simplified Regime (Régimen Simplificado de Confianza), or individuals with business activity. The benefits are as follows: a. An accelerated or immediate deduction of investments in new fixed assets used by the exporting industry (at least 50% of their 2023 and 2024 income should come from exporting activities), with respect to the production of the following goods: food products; fertilizers and agrochemicals; raw materials for the pharmaceutical industry; electronic components; machinery for watches, instruments for measuring, control, and navigation; electronic medical equipment; batteries, fuses, and accessories for electrical installations; engines for automobiles, vans, trucks, and aircraft; automotive parts; non-electronic equipment and apparatus for medical, dental, ophthalmic and laboratory use; production of cinematographic and audiovisual works; among others. The maximum authorized deduction percentages for a fiscal year may vary from 86% up to 89% depending on the type of goods involved, or the maximum percentages from 56% up to 89% may be applied, depending on the type of activities performed (manufacturing sectors). This benefit will only apply to investments that are used for a minimum period of two years and that are used for the first time in Mexico. This benefit will be effective until December 31, 2024. b. An additional deduction equivalent to 25% of the increase in training expenses for the taxpayer’s employees. The training must consist in the transmission of technical or scientific knowledge related to the taxpayer’s activity to workers who must be registered in the Mexican Social Security Institute. This benefit may be applied until December 31, 2025. The application of the benefits will not be applicable to certain taxpayers and in any case, certain requirements established in the Decree must be complied with, mainly the filing of a notice within 30 days following the month in which benefits are applied for the first time. In addition, the tax authority will issue general rules for the implementation of the Decree. The Foley & Lardner tax team in Mexico has assisted national and multinational companies from different industrial sectors in the application of several tax benefits in Mexico. | Aprovechando el fenómeno del nearshoring, la Secretaría de Hacienda y Crédito Público emitió un decreto mediante el cual, otorga estímulos fiscales a sectores clave de la industria exportadora (el “Decreto”). El Decreto se publicó el 11 de octubre de 2023 y estará vigente a partir de ese momento y hasta incluso el año 2025. El referido Decreto les es aplicable a personas morales, personas morales en el Régimen Simplificado de Confianza y a personas físicas con actividad empresarial. Los beneficios consisten en: a. Una deducción acelerada o inmediata de inversiones en bienes nuevos de activo fijo utilizados por la industria exportadora (al menos el 50% de sus ingresos de 2023 y 2024 deben proceder de actividades exportadoras), respecto de la producción de los siguientes bienes: productos destinados a la alimentación humana y animal; fertilizantes y agroquímicos; materias primas para la industria farmacéutica; componentes electrónicos; maquinaria para relojes, instrumentos de medición, control y navegación; equipo médico electrónico; baterías, fusibles y accesorios para instalaciones eléctricas; motores para automóviles, camionetas, camiones y aeronaves; autopartes; equipos y aparatos no electrónicos para uso médico, dental, oftálmico y para laboratorio; producción de obras cinematográficas y audiovisuales; entre otros. Los porcientos máximos autorizados de deducción para un ejercicio fiscal pueden variar por tipo de bienes producidos, del 86% y hasta el 89%, o por tipo de actividad realizada (sectores de manufactura) en los porcientos máximos del 56% y hasta el 88%. Este beneficio solo se aplicará para inversiones que se utilicen en un periodo mínimo de dos años y que sean utilizados por primera vez en México. Este beneficio estará vigente hasta el 31 de diciembre de 2024. b. Una deducción adicional equivalente al 25% respecto del incremento en el gasto por capacitación a los trabajadores del contribuyente. La referida capacitación debe consistir en la transmisión de conocimientos técnicos o científicos vinculados con la actividad del contribuyente a trabajadores que, además, deberán estar inscritos en el Instituto Mexicano del Seguro Social. Este beneficio se podrá aplicar hasta el 31 de diciembre de 2025. La aplicación de los beneficios no será aplicable a ciertos contribuyentes y en todo caso se deberá cumplir una serie de requisitos establecidos en dicho decreto, principalmente la presentación de un aviso dentro de los 30 días siguientes al mes en que se apliquen por primera vez los citados beneficios. Asimismo, la autoridad fiscal emitirá reglas generales para la implementación del mencionado Decreto. El equipo fiscal de Foley & Lardner México ha asistido a empresas nacionales y multinacionales de distintos sectores industriales, en la aplicación de diversos estímulos fiscales en México. |
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