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Carlos Torres Rosas details credit programs and tax reforms to support micro and small businesses

Carlos Torres Rosas, director general of Bancomext and Nafin, announced that the administration is strengthening micro and small businesses through various credit programs. These programs offer credits ranging from 500,000 pesos for businesses in consolidation to 30 million pesos for exporting companies.

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The administration also provided a 'My First Credit' option for businesses that have never received bank credit, offering up to 5 million pesos over a five-year term. In addition to direct funding, the administration is implementing tax and administrative simplifications. The National Tax Administration Service aims to incorporate 1.6 million new taxpayers into a simplified tax reform. This reform includes increasing income limits and redefining accounting rules to stimulate the primary sector. The administration also introduced measures to simplify registration procedures for micro-enterprises, reducing administrative burdens and allowing for integrated contributions in a single portal. These initiatives are designed to help small business owners manage finances, increase sales, and access new growth opportunities.

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