“This situation occurs very frequently on the border because, if we see, for example, gasoline in the United States is half the price of that in Mexico, then if the price of gasoline does not drop, to be comparable, for For example, the one in Texas, then all Mexicans would go to fill up with gasoline next to the United States,” explained Víctor Manuel Herrera Espinosa, vice president of the National Committee of Economic Studies of the IMEF.
The incentives offered in 46 municipalities in the states of Baja California, Sonora, Chihuahua, Coahuila, Nuevo León and Tamaulipas, are 8% VAT that applied as of 2019, in the government of Andrés Manuel López Obrador. Tax incentives or discounts are also offered on fees for the Special Tax on Production and Services (IEPS) on Magna, Premium gasoline and diesel. These are published every week by the Ministry of Finance and Public Credit (SHCP) in the Official Gazette of the Federation (DOF).
These incentives represent revenue losses for public coffers, especially due to the 8% VAT, when in the rest of the country it is 16%. For this year and the next, the Treasury foresees a waiver of more than 130,000 million pesos, each year, for this incentive, plus fiscal stimuli for gasoline.
