On September 29, 2017, the Declaration of the Special Economic Zones of Puerto Chiapas (Chiapas), Coatzacoalcos (Veracruz) and Lázaro Cárdenas-La Unión (Michoacán) (the "Zones") was officially published.In the new Decree, various tax benefits were granted to investors who participate in these areas. Among the most notable benefits is the reduction of Income Tax (ISR) payments. Such benefit will reduce payments up to 100% for the first 10 years, and a reduction up to 50% of the tax incurred for an additional five years. In addition to the above, there is a 50% reduction in employer/employee quotas during the first 10 years and 25% in the subsequent five years.As a general rule, transactions carried out within the Zones are not subject to Value Added Tax (VAT). Moreover, transfers made by Mexican companies or individuals to investors within the Zones will be assessed at a 0% rate.Finally, the Decree provides that upon the introduction of foreign goods into Mexico, when said items are sold/transferred or provided by non-residents to investors within the Zones, such sales/transfers will not be considered as having been imported into Mexico.For more information, please contact email@example.com or firstname.lastname@example.org.