Incentives
3
%
3% Payroll Tax Exemption
Depending on the type of project, number and classification of employees to be hired it can be waived up to 100% for a period of up to 10 years. The local state payroll tax, is applied over the total paid to employee, i.e. wages and benefits, once operation starts.
100
%
Federal Special Incentives
100% Value Added Tax exemption for operations within the Sonora Plan.
100
%
Income Tax Exemption
- 100% of Income Tax in the first three years of operation and 50% in the three subsequent years, if companies exceed employment goals, the tax discount may be up to 90%.
- Accelerated depreciation of investments over a 6-year period.
Other tax incentives
- Expenditures generated by municipal and state tax burdens.
- Establishment of programs of PROSEC export promotion.
- Public Registry of Property and Notaries rights.
- Registration rights in the State Registry and Cadastral Institute, of constitutive acts of commercial companies.