He Economic Package 2025delivered on Monday to the Chamber of Deputies, proposes to expand the faculties of inspection of financial institutions other than banks, including Fintech. With this measure, the account states and deposits in these entities may also be reviewed by the authority, in recognition of the growing diversification of the Mexican financial system.
The Initiative to Reform Fiscal Code of the Federation (CFF) By 2026 introduces an adjustment: replace the exclusive reference to “bank account states” with the broadest “financial institutions of financial institutions.” The change seeks to close evasion spaces in an environment where Fintech and other non -bank intermediaries have gained weight in the offer of digital financial services.
According to the exposure of reasons, digital trade and technological innovations transformed the way in which financial services are provided, reducing the use of branches and expanding the supply of products through online platforms. In this new scenario, limiting inspection only to bank accounts is insufficient, since taxpayers can also operate with open accounts in institutions of electronic payment funds (IFPE), regulated by the Fintech lawor in other authorized intermediaries.
“With the purpose that the tax authorities are empowered to request information related to open accounts in the name of taxpayers in financial entities in general and not only those open in credit institutions, since this is limiting. The above, since it is considered that information related to open accounts in financial entities reflects data on the true capacity to contribute to taxpayers,” is read in the CFF.
The proposal reforms several articles of the CFF to empower the Tax Administration Service (SAT) to:
- Review account states issued by any regulated financial institution, not just banks.
- Request information about open accounts in Fintech or similar entities.
- Presume, except proof to the contrary, that deposits in these accounts are income subject to taxes.
The approach seeks to align tax legislation with the regulatory framework that since 2018 recognizes financial technology institutions (Fintech Law). In particular, it is mentioned that electronic payment fund accounts have their own clabe and are part of the Mexican financial system, so they must have the same treatment as a bank account.
With this, the Government intends to expand the information base available to verify the true contributory capacity of users of digital financial services, strengthening the constitutional principle of tax proportionality.
