Mexico will offer zero-rate corporate income tax and sales tax rates to companies that invest in 10 new development zones in the southeast of the country, the Finance Ministry said Monday.
Companies investing in the recently announced development zones will be exempt from corporate income tax for three years, and benefit from a 50% reduction for an additional three years, the finance ministry said in a statement. Further reductions will be offered for companies that meet targets for job creation, it added.
- Additionally, commerce realized within the 10 development zones will be exempt from sales tax. Companies located within ...
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