Operator News
Mexico – Government agrees to no tax for new casinos this year in Quintana Roo
By Phil - 5 January 2020
Lawmakers for the state of Quintana Roo have completed the fiscal measures for 2020 which include an exemption of taxes on the establishment of new gaming rooms for new investors, meaning that all companies that set up a casino will not pay taxes this year.
The new Income Law, approved in December indicates that the benefit is for ‘individuals or corporations that make investments in the state of Quintana Roo, exceeding 40m pesos (US$2,106.299) and whose commercial purpose is games and contests in casino.’ In addition, the measure establishes that these casinos must be located in tourist areas, and potential investors will be required to prove before the competent authorities, that at least 50 per cent of their clients are foreigners or non-residents.
The officials who approved the decree declared that the main objective of the exemption is to promote investment in the state, promote employment and offer other attractions to both national and foreign tourists in a document published in the Official State Gazette.
The state is especially important due to the fact that it is home to Cancun and a string of resorts and popular destinations such as Tulum, the islands of Cozumel and Isla Mujeres, as well as the towns of Bacalar, Playa del Carmen and Akumal.
The now closed Playboy casino in Cancun
