On March 23, 2017, the Autoridad Federal de Zonas Económicas Especiales (AFZEE) (Federal Authority for Special Economic Areas) and the Instituto Mexicano de Contadores Públicos A.C. (IMCP), signed a feedback collaboration agreement on opportunity areas regarding the application of tax incentives on Special Economic Zones (ZEE), as well as in with regards to foreign trade and customs.
The purpose of said agreement is to issue recommendations, mechanisms and criteria to warrant that the professional services offered by associates are in compliance with the needs of companies established on the ZEE, as well as identify areas of opportunity in the operation of tax incentives in said zone.
It is important to state that the publication of these rules by the Secretaría de Hacienda y Crédito Público is pending, whereby the requirements for making the analysis are to be specified and therefore publish the rules applicable to taxpayers located at these zones.
What are Special Economic Zones?
The purpose of ZEE is to promote economic growth in the regions of the country that are lagging behind. This growth will be reflected through the promotion of investment, employment, among others.
The ZEE shall be a geographically limited zone; located in a place with natural and logisticadvantages to become a highly productive region.
To begin, 4 Special Economic Zones were established on the following areas:
Investment Tax Benefits
Even though the corresponding statements have not been published, it has been established on press interviews that said tax benefits apply to individuals and artificial persons deciding to invest and operate at these zones, as follows:
However, we await the publication of the regulations by the authority and shall inform these shortly.
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