Accountancy in Mexico

>> Allowances in Mexico

Depreciation

Depreciation is provided on all fixed assets, except land, to write off the value of the asset over its useful economic life.

Investment allowance

Depreciation is deductible pursuant of the 34th section of the ISR (income tax) law.

Depending on the state in which an investment is made, there are different types of fiscal incentives to promote foreign investment; for example: donation of land, deduction of first local payments, facility of payments, etc.


Latest version updated 25th October 2017

Country Breakdown

127.5

Million

Population

$

Mexican Peso

Currency

$ 8200

GDP

1.964

Million

km2