Country:Mexico
Year:2005
Policy status:In Force
Date Effective:2005
Policy Type:Economic Instruments>Fiscal/financial incentives>Tax relief
Policy Target:Multiple RE Sources>Power, Multiple RE Sources
Policy Sector:Electricity
Agency:Secretariat of Natural Resources and the Environment (SEMARNAT), Secretariat of Public Finance (HACIENDA)
URL:http://www.ine.gob.mx
Legal References:Ley de Impuesto Sobre la Renta - Federal Law for Income Tax
Description:

Starting in early 2005, investments in environmentally friendly technologies, including renewable energy technology could benefit from accelerated depreciation. Investors are thus allowed to deduct up to 100% of the investment in the first year for renewable energy projects, as defined in articles 21, 22 and 23bis of the General Law for Ecological Equilibrium and Environmental Protection. The new regulation states that the plant must remain in operation for at least five years and serve productive purposes, following the tax deduction declaration; otherwise complementary declarations are obligatory.

Last modified: Tue, 04 Jun 2013 16:52:38 CEST