ANNOUNCEMENT 12 Oct 2011

In October 2011, the government of Mexico announced a change in the tax legislation for exporters.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 12 Oct 2011 | Removal date: open ended
Still in force

Tax-based export incentive

On 12 October 2011, Mexico's president signed Decree DOF 12/10/2011 extending the flat tax (Impuesto Empresarial a Tasa Única) IETU of 17.5 per cent, which is applied on maquiladoras' income tax for another two years; until end of 2013. Thus, maquiladoras benefit from a significant tax credit to their income tax burden.
 
Maquiladoras are export-oriented companies benefiting from the Decree for the Promotion of the Manufacturing, Maquila and Export Service Industry (IMMEX Decree). 

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A