Do I Need Tax Incentives?

While it is true, the lack of economic liquidity that we are experiencing due to the disease pandemic (COVID-19) announced in past months is alarming. However, taxpayers could cover their costs and not go bankrupt by relying on tax incentives, which the government has been giving to states today.

Architect José Manuel López Campos, President of the Confederation of National Chambers of Commerce, Services and Tourism (CONCANACO), he mentioned that the federation should structure a scheme in which tax incentives are mentioned in order to incentivize taxpayers who are having the greatest impact from the pandemic and that through these tax incentives they can maintain their business.

It should be mentioned that some States have been providing tax incentives. However, how many tax incentives would we need to keep our business afloat? With the current crisis, the companies that have been most affected are the hotels, restaurants, transport and merchants, since we can say that their greater income depends on tourism.

That is why your turn of activity depends, in order to know if the incentives that are being granted within your state can be beneficial or applicable to your business, and if so, to analyze them and consider whether they could be sufficient or not.

If you are interested in knowing about the tax incentives that are being granted by governments in the States derived from the COVID-19 pandemic, we invite you to know our article about the tax incentives that you can find on our website (bdg.com.mx) in the BLOG and social media section (Facebook, Twitter, Instagram). Or you can contact us, in Bandala | Díaz | García we want to inform you about this topic, remember that we have relevant news that can be of your help.