Claudia Sheinbaum Unveils 30% Tax Incentive for Mexican Film Industry

During an event at the National Palace, Mexican President Claudia Sheinbaum, alongside actress Salma Hayek, announced a new 30% income tax incentive aimed at boosting the local film industry and attracting international productions. This initiative is designed to support film projects in Mexico, requiring a minimum spend of 40 million pesos (approximately $2.3 million) for feature films or series, and lower thresholds for documentaries and animation. Eligible participants include Mexican citizens and foreign residents, with a focus on hiring local talent. Sheinbaum emphasized the importance of recognizing and promoting Mexico’s rich cultural heritage through cinema.

Key Details: • 30% tax incentive for film projects filmed in Mexico • Minimum spend of 40 million pesos for feature films, 20 million for documentaries • Open to Mexican citizens and foreign residents producing through a Mexican citizen • Event held at the National Palace with notable figures from the film industry