The federal government has announced tax incentives for companies that choose to settle in one of the 10 development poles located in the isthmus corridor.
The government is seeking to increase investment in this region, where funds have been invested to develop the economy of the southeast of the country.
These are the benefits and discounts for ISR and VAT:
– Complete exemption from income tax (ISR) during the first 3 years of operation. In years 4, 5 and 6, companies will pay only 50% ISR. This discount can be up to 90% if the employment targets set in the relevant directives are met.
-Possibility of accelerated depreciation of investments during the first six years of operation.
– Operations carried out within and between development poles will be exempt from VAT.
– Recovery will be allowed VAT paid for purchases made outside the Poles for four years.
The statement said that companies will be able to access existing incentives in terms of foreign trade, such as exemption from VAT on temporary imports of goods, a 0% rate on the export of goods or services, and administrative incentives that reduce costs.
The federal government confirmed that the plan aims to increase investment in key areas, fight inequality and stimulate economic growth in all regions of the country.
We are confident that these new incentives will stimulate investment, create quality jobs and, in the long term, strengthen the economy of southeastern Mexico, providing a solid foundation for a more just and equitable future.
THIS IS THE POLE OF DEVELOPMENT
The Isthmo Program is a regional development program aimed at ensuring the economic and social well-being of the inhabitants of the 79 municipalities of the Isthmus of Tehuantepec.
Includes 33 municipalities of Veracruz and 46 municipalities of Oaxaca.
The project has multi-million investments:
-More than 300 kilometers of railroad tracks that will connect the Pacific Ocean with the Atlantic.
– It will connect with the Maya train and with Ciudad Hidalgo, on the border with Guatemala.
-The ports of Coatzacoalcos and Salina Cruz will be upgraded.
– Optical fiber and antennas, gas pipelines and security posts will be installed by the National Guard.
Source: Aristegui Noticias
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
