Mexico Launches 30% Film Tax Incentive, Effective Today

Overview

• The federal 30% income-tax credit for audiovisual production spending in Mexico takes effect today following publication in the Official Gazette.
• Projects must meet minimum verified spends of 40 million pesos for fiction or animated features and series episodes, 20 million for documentaries, and 5 million for specific animation, VFX or post processes.
• The incentive is capped at 40 million pesos per project or process, and at least 70% of suppliers must be Mexican.
• Eligibility extends to Mexican producers, foreign companies with a permanent establishment in Mexico, and foreign producers working through a Mexican resident entity.
• President Claudia Sheinbaum unveiled the plan in Mexico City with support from Salma Hayek, as reporting notes White House threats of tariffs on foreign-made films have intensified global competition for shoots.