Mexico has declared two new decrees that providing for the initiation of two new special economic zones (SEZ) in States of Campeche and Tabasco, in the official Gazette. They are designed for where they are most needed, and to boost productive activity and the natural vocation of these areas, which have potential. These decrees includes the area of the zones, the tax benefits and incentives, bidding processes, allocations, private and public investments, state advisory councils and master plans, and the customs regimes applicable in the zones.
Among all, one of the main benefits for approved investors in the SEZs is during the first ten fiscal years counted from the date of obtaining the permission or authorization to carry out activities in the Special Economic Zone, will have a decrease of its tax burden of 100% of the rate foreseen in the Income Tax Law for the income that taxpayers obtain within the Special Economic Zone and for the following five years after the tenth fiscal year mentioned, a 50% decrease in this rate, which will allow taxpayers to focus their economic efforts on the establishment of new productive plants that will invariably trigger the economic growth of the immediate surroundings of the Special Economic Zone.
