| Mexico Offers Tax Breaks to Hurricane-Hit Region Mike Godfrey - Tax-News.com | |
| go to original September 25, 2014 |
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The Mexican Government is offering tax benefits to the northwestern state of Baja California to help its economy recover from the devastation caused by Hurricane Odile.
President Enrique Peña Nieto announced a number of measures to help small businesses in the region, including exemption from income tax for all investments in reconstruction projects.
Entrepreneurs in the region will also be able to defer the payment of social security contributions for three months.
Hurricane Odile hit the Baja California peninsula on September 16, 2014. In the wake of the hurricane thousands of residents were left without electricity, water or phone service.
See the original at Tax-News.com
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