Mexico has published a Decree in the Official Gazette on 21 January 2025, granting tax incentives to support the national strategy called “Plan Mexico” to promote innovation and new investments that encourage dual training programmes.
One key incentive is an immediate deduction for investments in new fixed assets acquired from the Decree’s start date until 30 September 2030. This deduction, a percentage of the investment cost specified in the Decree, is applied in the year the investment is made. To be eligible for the incentive, the fixed assets must remain used for at least two years after the deduction year.
The decree also allows an extra 25% deduction for increased spending on employee technical or scientific training programs for innovation from 2025 to 2030.
These measures are part of the long-term plan for the country’s regional development, which aims to attract new investments, foster training programmes, drive innovation, and create well-paying jobs in the manufacturing and service sectors.
The Decree came into effect on 22 January 2025.
