Mexico Gazettes Decree on Federal Revenue Law 2025

The Mexican Official Gazette Dec. 19 published a decree on the Federal Revenue Law 2025. The law includes measures: 1) granting tax incentives for transportation, mining, and agriculture businesses, and allowing tax credits or refunds against the special tax on diesel or biodiesel production and services, subject to conditions and reporting requirements; 2) establishing a 0.50 percent annual withholding tax rate for 2025, calculated based on weighted average rates of return on public and private securities from August 2020 to July 2023; 3) adjusting income tax provisions for agricultural activities, setting tax incentives for national film investment projects, suspending the ...