Mexican Chamber of Deputies to review automotive tax exemptions

The Mexican Chamber of Deputies is set to analyze a proposed modification to the Income Tax Law (ISR) following changes made by the Senate. The reform, which is part of a broader fiscal package, includes a specific provision to establish tax exemptions for the terminal automotive industry.

Senator Emmanuel Reyes Carmona noted the significance of this change, highlighting that the automotive sector is a cornerstone of the Mexican economy, contributing up to 4% of the national GDP. The measure will first be discussed in the Commission of Finance and Public Credit before moving to the lower house plenary session.