Tamaulipas State Incentives

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Dear Clients and Friends:buleting

Please be advised that the State Government of Tamaulipas grants tax incentives/stimulus on an annual basis to newly incorporated Mexican companies; therefore, please be advised on March of 2016, the Tamaulipas State Government, published the corresponding tax/stimulus incentives for 2016, which among others include the following:

* Tax Stimulus on remunerations due to Job Recruiting (payroll tax)

Mexican companies with a minimum of 2 years of  operation may apply for the following incentives:

a) For up to 85% tax payroll relief only on newly created jobs, up to two years, all those companies that are established in the State that:

– Are located in Altamira, Madero, Matamoros, Nuevo Laredo, Reynosa and Tampico;
– Initiate the generation of at least 120 or more new jobs during 2016, for this purpose the State will take into account the jobs registered as of December 31, 2015; and
– The company must prove the integration of at least two new local suppliers to its finished product.

b) For up to 85% tax payroll relief only on newly created jobs, up to two years, to all those companies established in the State that:

– Its location is in the rest of the cities of the State not mentioned in the preceding paragraph; and
– Initiate the generation of at least 75 or more new jobs during 2016, for this purpose the State will  take into account the jobs registered as of December 31, 2015;

c) Up to 85% payroll tax relief, up to two years, to all those companies established in the State that:

– If the company justifies before the corresponding State Committee that the granting of this type of incentive, supports the preservation of jobs already generated and the own investment of the applicant company.

  • Newly created Mexican companies

d) For up to 95% tax payroll relief, up to three years, to all those newly created companies that:

– Are located in Industrial Parks or Industrial Complexes in Altamira, Madero, Matamoros, Nuevo Laredo, Reynosa and Tampico;
– Invest in strategic industries sectors for the State; and
– Initiate the generation of at least 120 or more new jobs during the first year of operations.

e) Up to 95% of payroll tax relief, up to three years, to all those newly created companies that:

– Are located in the rest of the cities  of the State not mentioned in the preceding paragraph that:
– Initiate the generation of at least 75 or more new jobs during the first year of operations;

In addition to the above, newly created Mexican companies may receive up to 95% reduction in payments of specific registration fees at the Registry and Cadastral Institute of the State of Tamaulipas states.

Please feel free to contact us if assistance is needed, we can definitely assist you in applying for these types of State incentives.

Sincerely,
Ernesto Velarde Danache, Inc.