Mexico Approves Income-Tax Exemptions for Automotive and Fuel Distribution Businesses

On 3 November, Mexico’s Chamber of Deputies approved amendments to the Income Tax Law, excluding automotive manufacturers and petrol and diesel distributors from certain limits on authorised tax deductions and fiscal losses. The measure was sent to the federal executive for constitutional procedures; no direct financial allocation was announced. HPC can support tax-impact analysis, regulatory reviews and corporate compliance advisory.

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