IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 05 Dec 2011 | Removal date: 03 Jan 2013
Still in force

Tax or social insurance relief

On 5 December 2011, the government of Mexico launched a tax incentive program, specifically dedicated to foreign film production activities on Mexican's soil. The monetary value of the program was set at US $20 million for 2011 and US $40 million for the following year. The program was established to be managed by the Mexican film financing agency Imcine and the Mexican trade and investment body ProMexico. The core scope of the program was to provide film productions that exceed the amount of US $5.5 million with: 1) tax rebates of 7.5 percent and 2)10 percent IVA (value-added tax) write offs.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.
 
 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

961 Audiovisual & related services

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