Ministry of Culture, through the National Institute of Fine Arts and Literature (INBAL)
Ministry of Finance and Public Credit (SHCP)
Describe the main features of the policy/measure: 

EFIARTES is a fiscal incentive established in 2017 in article 190 of the Income Tax Law, coordinated by the Ministry of Culture and the Ministry of Finance and Public Credit (SHCP), through the National Institute of Fine Arts and Literature (INBAL), for Investment Projects in the Production of Visual Arts (EFIARTES VISUALES); Dance (EFIDANZA); Music (EFIMUSICA); National Theater (EFITEATRO); and Edition and Publication of National Literary Works (EFILIBRO).
The program works as a fiscal stimulus to support artistic creation and production, consisting of applying a tax credit for the amount contributed by an Income Tax (ISR) taxpayer to an investment project.
EFIARTES allows the private sector (individuals and companies) to contribute with resources to an investment project and decrease the amount of payment of their taxes. The amount of the contribution to the corresponding investment project can be up to a maximum of 2 million pesos per taxpayer and artistic project, or up to 10% of the taxpayer's ISR in the immediately preceding year.

What are the results achieved so far through the implementation of the policy/measure?: 

Since 2017, 164 artistic projects have been benefited.

Financial resources allocated to the policy/measure in USD: 

2018: circa $6,209,291.13 US
2019: circa $5,026,503.39 US

Partner(s) engaged in the implementation of the measure: 
Type of entity
Public Sector
Private Sector
Civil Society Organization (CSO)
Goal(s) of UNESCO's 2005 Convention
Cultural Domain(s)
Performing Arts
Visual Arts
bestbonus.biz eokul365.com