Mexico Introduces Tax Incentive for Asset Investments in the States of Chiapas, Guerrero and Oaxaca

On 1 January 2015, the decree granting a tax incentive for investment in fixed assets in the states of Chiapas, Guerrero or Oaxaca was published in the Official Gazette. The incentive is an additional deduction equal to 25% of investments made in new fixed assets permanently used in those three states exclusively for agricultural, cattle, fishing, forestry or agribusiness activities. For the purpose of the incentives, "new fixed assets" means never before used in Mexico.

The incentive applie…