Mexico’s Mining Fiscal Regime: H2 2014

The mining industry is controlled by several governing bodies, of which the Ministry of Economy is the apex body. The Mining Law (Ley Minera) of 1992 is the main governing law regulating the Mexican mining industry.


The report outlines Mexico’s governing bodies, governing laws, mining concessions, rights and obligations, and key fiscal terms, including mining royalty, corporate income tax, capital gains tax, withholding tax, depreciation rates, loss carry forward, deduction, and value added tax (VAT).

Key Highlights

• The Fideicomiso de Fomento Minero (FIFOMI) was formed as a part of the Ministry of Economy to strengthen and integrate the mining industry and its activities, provide financial and technical services to mining companies, and promote the development of the country’s mining industry.

• The General Mining Coordination develops and monitors federal government policy, strategy and actions to promote competitiveness and investment in the mining sector.

• The General Mining Promotion promotes national mining competitiveness, and encourages domestic and foreign investment in the sector.

• The Mining Law (Ley Minera) regulates the country’s mining industry, and outlines the obligations that miners are required to meet.

Reasons to buy

Gain an overview of Mexico's mining fiscal regime.

Companies mentioned

Table of Contents

1 Executive Summary

2 The Mining Industry in Mexico – Governing Bodies

2.1 Ministry of Economy

2.1.1 General mining coordination

2.1.2 Mining division

2.1.3 General mining promotion

3 The Mining Industry in Mexico – Governing Laws

3.1 Mining Law 1992

3.2 Environmental Law

4 The Mining Industry in Mexico – Mining Concession

4.1 Mining Concession

5 The Mining Industry in Mexico – Mining Concessions Rights and Obligations

5.1 Rights

5.2 Obligations

6 The Mining Industry in Mexico – Key Fiscal Terms

6.1 Mexico, Mining Royalty

6.2 Corporate Income Tax

6.3 Capital Gain Tax

6.4 Tax Incentive

6.5 Withholding Tax

6.6 Depreciation Rates

6.7 Other Taxes

6.7.1 Real estate transfer tax (RETT)

6.7.2 Real estate holding tax (REHT)

6.8 Loss Carry Forward

6.9 Deduction

6.10 Value Added Tax (VAT)

7 Appendix

7.1 What is this Report About?

7.2 Methodology

7.3 Secondary Research

7.4 Primary Research

7.5 Contact GlobalData

7.6 About GlobalData

7.7 GlobalData’s Services

7.8 Disclaimer

List of Tables

Table 1: Mining Industry in Mexico – Fiscal Regime Terms and Other Taxes

Table 2: Mining Industry in Mexico – Withholding Tax Rates (%), 2014

Table 3: Mining Industry in Mexico – Depreciation Tax Rates (%), 2014

List of Figures

Figure 1: The Mining Industry in Mexico – Commodity Mines at Different Stages (Number of Mines), 2014 2


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