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Mexico: Higher tax credits under the fuel subsidy scheme (20-26 January 2024)

Description

On 19 January 2024, the Mexican government adopted Agreement 9/2024 increasing the tax credit available when importing diesel. The tax credits apply to the Special Tax on Production and Services (IEPS...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

20 Jan 2024

Revocation date

26 Jan 2024

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Products

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