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.

Mexican President Claudia Sheinbaum reiterated in her regular press conference that she considers the United States' threat to impose tariffs on countries supplying oil to Cuba very unfair.

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Mexico's Guadalajara International Film Festival is marking its 40th year with FICG Goes to Berlin, a showcase of standout titles at Berlin's Kino Babylon from January 30 to February 8, 2026. The event highlights recent Mexican cinema, including documentaries and features from the festival's 2024 and 2025 editions. Directed by Estrella Araiza since 2019, the festival drew 289,777 attendees in 2025.

The mayor of Tequila, Jalisco, Diego 'N', was detained for alleged extortion attempts against tequila companies like Becle, owner of José Cuervo and 1800 Tequila. The state government intervened to protect the firms and announced investments in the area. The case highlights vulnerabilities in the tequila industry, vital to Jalisco's economy.

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President Claudia Sheinbaum announced a technical committee to study the return of modern fracking in Mexico to cut reliance on US natural gas imports. She distinguished it from traditional methods by using technologies that recycle water and avoid potent chemicals, boosting energy sovereignty. The process will take 10 to 15 years and require major investments.

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