“EXPAND THE VALIDITY OF FISCAL STIMULES IN THE RFN”

On November 27, 2020, during the morning conference, President López Obrador announced that the Decree will be signed by which the stimulus will be extended in the Northern Border Region until December 31, 2024.

Let us remember that this program started on January 1, 2019 with the fiscal incentives:

Reduction of the income tax rate from 30% to 20%.
Reduction of the VAT rate from 16% to 8%.
100% increase in the Minimum Wage.
Stimulus to gasoline IEPS.
With this, it is expected to reactivate trade, greater competitiveness of companies and lower gasoline prices.

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