On January 8th, the DOF (Official Journal of the Federation) published a government decree by which fiscal incentives are established in favor of people with residence in Mexico that are required to make the withholding of taxes from bonds released by Mexican Companies, placed between the large number of investors. The incentive consists in a tax credit equivalent to 100% of the income tax caused, according to article 166 of the Income Tax Law.
Also, Natural persons who have their residence in Mexico, and Natural persons or Legal entities residing abroad, who are forced to pay a 10% of the profits obtained from the profits from the sale of shares issued by Mexican Companies, by concept of ISR, provided by the requirements of this decree.
All the above with the objective of strengthen the Mexican private capital market, encourage foreign investment, generate jobs and boost the economic growth of the country.
