Mexico unveils 30 percent film tax incentive with Salma Hayek support

Mexico has introduced a new 30 percent film tax incentive to bolster local cinema and draw international productions. The initiative receives backing from actress Salma Hayek and the Mexican president. This development comes amid threats of tariffs from the Trump administration.

On February 16, 2026, Mexico announced a new 30 percent tax incentive for the film industry, aimed at supporting domestic productions while making the country more appealing for foreign filmmakers. The policy is endorsed by prominent Mexican-American actress Salma Hayek and the nation's president, highlighting a strategic push to strengthen the sector.

The incentives are particularly timely, as the United States under the Trump government has signaled potential tariffs that could impact cross-border collaborations. By offering financial relief, Mexico seeks to position itself as a competitive hub for global filmmaking, potentially offsetting economic pressures from international trade tensions.

Details on the exact implementation of the tax incentive remain limited in available reports, but the announcement underscores Mexico's commitment to cultural and economic growth in cinema. Salma Hayek, known for her roles in films like Frida and Eternals, has long advocated for opportunities in her home country, adding weight to the initiative's visibility.

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President Claudia Sheinbaum and Salma Hayek at press event announcing 30% film tax incentives in Mexico.
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Sheinbaum publishes decree for film fiscal incentives

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President Claudia Sheinbaum published a decree in the Official Gazette granting a 30% tax credit for cinematographic and audiovisual productions in Mexico, capped at 40 million pesos per project. The incentive, announced on Sunday with actress Salma Hayek as a guest, aims to boost national and international productions hiring Mexican talent. The decree takes effect on Tuesday and remains valid until September 2030.

In November 2025, President Claudia Sheinbaum met actress Salma Hayek in Veracruz, thanks to an introduction by Governor Rocío Nahle. They discussed topics including incentives for the Mexican film industry for nearly two hours. This Sunday, they will meet to present support measures for national cinema.

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France has overhauled its tax incentive for international productions to include actors' salaries, aiming to compete with cities like London and Prague for big-budget Hollywood films and TV series. The reform, approved after lobbying from industry leaders, offers a 30% rebate on qualifying expenses, rising to 40% for projects with significant French visual effects work. This change is expected to boost the local economy amid a challenging global production landscape.

Wisconsin has established a new film office to promote movie and TV productions in the state. The office, led by Emmy-winning producer Veronica Pope, offers tax credits capped at $5 million annually. Lawmakers from both parties support the initiative to boost local economies and tourism.

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The Mexican Employers' Confederation (Coparmex) has warned that 31 out of 32 states plan tax increases or new levies in their economic packages for the coming year. This could hinder the growth of micro, small, and medium-sized enterprises and undermine national competitiveness. The business group calls for greater transparency and efficiency in public spending before implementing such measures.

Colorado Governor Jarid Polis has named Lauren Grimshaw Sloan as the state's new film commissioner, just before the Sundance Film Festival's final year in Park City. The appointment coincides with Sundance's planned move to Boulder next year. Sloan's experience in film production and festivals positions her to boost Colorado's media industry.

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Mexico recorded a historic inflow of 40,871 million dollars in Foreign Direct Investment (FDI) during 2025, a 10.8 percent increase from the previous year. The Secretariat of Economy noted that this flow positions the country as a strategic destination for global productive capital, despite a 2 percent decline in developing economies. The growth was mainly driven by new investments that rose 133 percent.

 

 

 

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