2.1
What special regimes exist (eg, for fund entities, enterprise zones, free trade zones, investment in particular sectors such as oil and gas or other natural resources, shipping, insurance, securitisation, real estate or intellectual property)?
Mexico
Answer ... Special rules apply to real estate investment trusts (“FIBRAS”) and manufacturing regime. National cinematographic and theatrical productions, as well as investments in high-performance sports, electric vehicle power feeders, technology and R&D projects, benefit from federal incentives.
Taxpayers operating in the northern and southern border region may avail of tax benefits related to income tax and value added tax.
Mexico
Answer ... The Income Tax Law provides for a tax-neutral regime for certain qualifying corporate restructurings (eg, mergers, spin-offs). This regime is applicable to entities that are resident in Mexico for tax purposes and is subject to the fulfilment of certain requirements.
Mexico
Answer ... Mexican companies may elect to calculate their taxable base on a cash basis to the extent that:
- their income is less than MXN 35 million; and
- they have been incorporated by individuals.
Mexico
Answer ... Taxpayers must calculate their taxable base in Mexican pesos and submit electronic accounting records to the tax authorities on a monthly basis.
Mexico
Intangibles are subject to income tax. Non-residents are subject to withholding income tax (the rate may vary depending on the type of income and/or the recipient).
Intangible assets may be deducted at a maximum annual amortisation rate depending on their lifespan.
Mexico
Answer ... Yes, employers’ pension contributions, including social security, are tax deductible.