Mexico looking at tax breaks to boost biodiesel consumption

In Mexico, the government is exploring the potential introduction of tax stimuli to boost consumption of biodiesel in the next 2017 fiscal year. The plan seeks to create an offset between the IEPS tax and the ISR tax that would qualify for biodiesel blends and pure biodiesel for final consumption in machinery except in non-maritime vehicles, with a focus on public transport and private vehicles private transportation as well as for touristic transportation such as taxis.