Chetumal as a Tariff Free Zone and tax benefits, an opportunity for companies

Abstract

This research makes a journey through the history of Chetumal, Quintana Roo as a tariff-free zone up to the decrees of 2020 and 2024. The literature is reviewed to compare the results of research in other countries identifying areas of opportunity. The central point is the review of tax benefits and their impact on companies, considering for this analysis a product taxed at normal rates, cosmetics, and a product with zero VAT rate, fish fillets. Calculations are made in three different scenarios considering the Free Zone, the “Tianguis del Bienestar” and the rest of the country, finding that the companies located in the zones benefited by tax incentives are projected to obtain a significant reduction in tax-related costs, which may be attractive for investors, contributing to the economic development of the region.