On June 5, 2023, the “Decree to promote investment by taxpayers engaged in productive economic activities within the Development Hubs for the Well-being of the Isthmus of Tehuantepec” (Decree) was published in the Mexican government’s Official Gazette of the Federation (DOF).
The Decree, which took effect June 6, grants certain tax benefits to taxpayers who carry out productive economic activities in development hubs in Tehuantepec (Development Hubs), subject to compliance with certain requirements. Among other requirements, taxpayers must have:
1.A valid concession title or ownership of a property within the Development Hubs.
2.A business address in the Development Hubs.
3.A Ministry of Finance and Public Credit (SHCP) certificate confirming compliance with the Decree’s requirements (Certificate).
