On January 21, 2025, a decree aligned with the Plan Mexico was published in the Official Gazette of the Federation. Its main goal is to boost the country’s competitive advantages, strengthen local and regional supply chains, and promote technological innovation and workforce training.

Why is it relevant?

The decree not only aims to attract foreign investments and integrate national companies into value chains but also ensures that micro, small, and medium-sized enterprises (MIPYMES) have access to tax incentives, removing sectoral or business origin barriers.

Main objectives of the decree

i. Investment Promotion: Foster foreign capital inflows and national reinvestment through tax incentives.

ii. Strengthening Value Chains: Expand company participation in local/regional supply chains.

iii. Innovation and Training: Promote cutting-edge technology and develop a skilled workforce through the dual education model.

iv. Inclusion of MIPYMES: Ensure their access to fiscal benefits, incentivizing their growth.

Tax Incentives and Stimuli

i. IMMEX 4.0: A new model that merges the VAT and Special Tax on Production and Services (IEPS) Certification process with the Manufacturing for Export Program, reducing startup time for new companies by 50%.

ii. Immediate Fixed Asset Deduction: From January 22, 2025, to September 30, 2030, “new” fixed assets acquired during this period will qualify for accelerated investment deduction in the year of acquisition. In 2025 and 2026, depreciation rates range from 41% to 91%. From 2027 to 2030, rates range from 35% to 89%, depending on the asset type and the taxpayer’s activity. To access this benefit, investments must be maintained for at least two years.

iii. Additional Deduction for Training and Innovation: A 25% additional deduction is granted for expenses in training and innovation, calculated based on the average of the last three years. Eligible projects include developing patents and certifications needed to join supply chains.

The additional deduction for training expenses is only applicable for training provided by taxpayers to their active employees registered with the Mexican Social Security Institute (IMSS).

Budget Control and Stimuli Allocation

The decree allocates 28.5 billion pesos for fiscal incentives for investments in new fixed assets, while 1.5 billion pesos are earmarked for the additional deduction in training and innovation expenses.

To promote fiscal stimuli among MIPYMES, 1 billion pesos will be allocated to taxpayers with total income in the previous fiscal year of up to 100 million pesos.

Benefited Sectors

Tax incentives are available for a wide range of strategic sectors, such as:

i. Automotive and e-mobility
ii. Semiconductors
iii. Pharmaceuticals and medical devices
iv. Energy
v. Textiles
vi. Agribusiness
vii. Mining

Requirements

Interested companies must:

i. Be registered with the Federal Taxpayers Registry (RFC), have an active tax mailbox, and hold a positive tax compliance opinion.

ii. Submit investment projects or agreements with the Ministry of Public Education (SEP) to implement the dual education model or an investment project for invention development or initial certification.

iii. Obtain a compliance certificate issued by the Evaluation Committee and meet the guidelines established by said Committee.

Control and Transparency Measures

Evaluation Committee: To ensure proper use of the stimuli, an Evaluation Committee will be formed, including representatives from the Ministries of Finance and Economy and the Regional Economic Development Advisory Council, which will supervise projects and issue compliance certificates.

Exclusions: Companies with confirmed tax debts or shareholders and partners in non-compliant situations will be ineligible for these benefits.

At Calderon Marin, we are committed to providing you with comprehensive and personalized tax advisory services. If you need support with any of these aspects or want to learn more about Plan Mexico and the decree granting fiscal stimuli and incentives, do not hesitate to contact us. We will be delighted to assist you.