On October 11th, 2023, the “Decree granting tax benefits to key sectors of the export industry comprising the immediate deduction of investments in fixed new assets and the additional deduction of staff training expenses” (hereinafter referred to as the “Decree”) was published in the Official Gazette of the Federation, entering into force on October 12th, 2023.
The Decree aims to grant companies seeking to optimize its operations in Mexico through nearshoring strategies and to those located in Mexico, belonging to key sectors of the export industry, two benefits, consisting in performing an immediate deduction of investments in new fixed assets, as well as an additional deduction equal to 25% of the training expenses invested in employees.
The highlights of both benefits are discussed below.
