Mexico Slashed Taxes on Congresses, Conventions to Bring More Businesses

In addition to being one of the world’s top travel destinations, Mexico has opened the front doors even wider in an effort to lure the increasingly important segment of congresses and conventions by knocking down taxes levied on added value. The move is said to general more businesses, create more jobs and prod development forward.

Mexico is the first country ever to offer a tax-exempt policy with a view to stimulate this tourist segment. With 57 international airports and 28 national terminals, as many as 3,100 fancy hotels, 110,000 kilometers of roads and 38 conference centers, Mexico offers the best facilities and infrastructure money can buy to host such gatherings.

The elimination of all taxes levied on international congresses, conventions, fairs and exhibits will be in force beginning March 1 this year. This fiscal advantage mirrors the scope and potential of these events for the country, let alone Mexico’s transformation into an enormously competitive country and a world market heavyweight in this kind of sector.

The new measure will benefit visitors and businesspeople alike, as well as lots of local businesses in the hotel industry and providers of complementary services such as operators of ground transportation means shuttling travelers from airports and seaports to their hotels. Industrial mountings operators, attendant registration loggers, emcees, aide-de-camps, audiovisual workers, security personnel, cleaning staffs, translators and interpreters will also get the most of the new move.