ANNOUNCEMENT 12 Oct 2011In October 2011, the government of Mexico announced a change in the tax legislation for exporters.
NUMBER OF INTERVENTIONS
Decree DOF: 12/10/2011 (in Spanish), http://dof.gob.mx/nota_detalle.php?codigo=5213835&fecha=12/10/2011
IMMEX (in English), http://www.economia.gob.mx/industry/foreign-trade-instruments/immex
Deloitte's Taxation and Investment in Mexico 2012 report (in English), http://www.deloitte.com/assets/Dcom-Global/Local%20Assets/Documents/Tax/Taxation%20and%20Investment%20Guides/2012/dttl_tax_guide_2012_Mexico.pdf
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).