Mexico Gazettes Decree Granting Tax Incentives for Film, Audiovisual Production

The Mexican Official Gazette Feb. 16 published a decree granting tax incentives for film and audiovisual production. The decree includes measures: 1) granting a transferable income tax credit of up to 30 percent of total production costs for projects carried out in Mexico, capped at 40 million Mexican pesos (US$2.3 million) per project and per beneficiary; 2) setting minimum domestic spending thresholds of 40 million pesos for narrative or animated feature films and series chapters, 20 million pesos (US$1.2 million) for documentary features or series, and 5 million pesos (US$289,562) for animation, visual effects, or post-production; and 3) allowing the ...