On July 25, a decree was published in the Official Gazette of the State of Veracruz, which grants tax incentives to taxpayers that carry out productive economic activities within the Development for Wellbeing poles located in the State of Veracruz. In this sense, this decree will be in effect for 6 years from the date of the beginning of operations of each Welfare Development Pole located in the State of Veracruz.
In order to enjoy the tax incentives granted by the Decree, the beneficiary taxpayers must be physically established, have operations and federal and local tax domicile within the geographic area of each Development Pole for Wellbeing located in the State of Veracruz, as well as comply with the requirements, conditions and guidelines determined at federal level, and those expressed in the General Rules issued by the Ministry of Finance and Planning.
The incentives granted include 100% for the first three fiscal years and 50% for the following three fiscal years with respect to the following state taxes:
- Tax on remuneration for personal labor remunerations
- Tax on Acquisition of Used Motor Vehicles
- Additional Tax for Education Development
- State Tax on Ownership or Use of Vehicles
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