One of the key reasons Mexico remains an attractive destination for foreign investment is the range of tax incentives offered to companies that establish operations in the country.
Top tax benefits include:
- Special Economic Zones: Tax breaks for businesses operating in designated industrial development areas.
- VAT refunds: Certain industries are eligible to recover a portion of the Value Added Tax (VAT) on exports.
- Asset investment deductions: Companies can deduct the cost of machinery and equipment from their taxable income.
Understanding and leveraging these incentives is essential to maximizing the profitability of any industrial investment in Mexico.