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Sheinbaum, Joined by Salma Hayek, Unveils Tax Incentive to Boost Film Industry
15 Articles
15 Articles
Sheinbaum, joined by Salma Hayek, unveils tax incentive to boost film industry
President Sheinbaum announced a new tax incentive to boost film production in Mexico, with actress Salma Hayek joining her at the event to celebrate what she called a “historic opportunity” for the country’s cinema industry. The program offers a credit against income tax (ISR) equivalent to 30% of expenditures made in Mexico, with a limit of 40 million pesos (US $2.3 million) per project. Hayek, one of Mexico’s most famous actresses, praised the…
In a country where cinema has been a fundamental pillar of identity, collective memory and a cultural and economic engine, Mexico's President Claudia Sheinbaum Pardo decided that her administration wants to put special focus on the big screen.
In response to the firm persistence of the country's film community, President Claudia Sheinbaum Pardo announced yesterday a comprehensive plan to support the industry, in particular a fiscal incentive of up to 30 percent in income tax (ISR) for productions that are carried out in Mexico.
President Claudia Sheinbaum led the announcement of an incentive for the film and audiovisual industry, which consists of a tax credit against the ISR equivalent to 30% of the expenditure made in the national territory with a ceiling of 40 million pesos per project.In the Treasury Hall of Palacio Nacional, the president – accompanied by Hollywood actress and producer Salma Hayek, and members of the national film community – explained that the ob…
To encourage film and audiovisual production in Mexico, productions that spend 70 percent on national supply and do not exceed 40 million pesos, will be exempted by up to 30 percent of the ISR, Claudia Curiel announced as head of the Ministry of Culture. Before President Claudia Sheinbaum and actress and producer Salma Hayek, as well as other members of the country's film community gathered at the Palacio Nacional Treasury Hall, Curiel said that…
The president of Mexico, Claudia Sheinbaum, signed and published the decree to grant fiscal stimulus to the production of films and audiovisual products made in Mexico by Mexican and foreign companies. The incentive consists of a tax credit equivalent to up to 30% of the total cost of the project, with a maximum cap of 40 million pesos per production. The benefit will apply for feature films, documentaries, series, animation, visual effects and …
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