On 30 November 2016, the decree for Mexico's 2017 tax reform package was published in the Official Gazette. One of the main measures is a new incentive for research and development (R&D) activities.
Under the R&D incentive, companies are allowed a tax credit equal to 30% of the incremental increase in expenses and investment for R&D for the year. To determine the increase, the total amount for year is compared with the average total amount in the previous three years. If the cred…