• Service: Tax, Global Indirect Tax, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 1/6/2014

Mexico - Tax incentives for IMMEX entities 

January 6: Tax incentives for entities in the Industria Manufacturera, Maquiladora y de Servicios de Exportacion—IMMEX—sector that are effective 1 January 2014 include:
  • An additional deduction related to wages for companies that begin maquila operations in 2014
  • Foreign companies must attain within two years a 30% ownership interest in the machinery and equipment of a related IMMEX entity.
  • New information reporting requirements for companies in the automobile industry, concerning value added tax (VAT) on goods purchased from companies not having a permanent establishment in Mexico

Other measures reduce prior tax incentives including:

  • Repeal of a partial income tax exemption, starting 2014
  • No refunds or other tax-related compensation to be allowed as a result of the incentives

Read a December 2013 report (Spanish) prepared by the KPMG member firm in Mexico: Decreto que establece estimulos fiscales en 2014 para la Industria Maquiladora

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