“The growth that has had the greatest impact has been the IEPS with 180,000 million more (than last year) and the Income Tax with 159,000 million more, also the Value Added Tax has had a very good performance; There has been very good internal consumption and also VAT on imports,” explained the head of the SAT, Antonio Martínez Dagnino in the morning conference on Thursday, December 26.
The trend is reflected in the need to increase tax collection, without the need for tax reform. The IEPS has grown, mainly driven by the elimination of subsidies on gasoline and diesel, in addition to greater control and review of goods entering through customs.
Within the IEPS, the one that has grown the most is that charged on gasoline and diesel, mainly due to the reduction of the tax supports or discounts granted to this fee and which is charged in the final price. That is, for most of the year I charge this tax at 100%, especially due to the stability of oil and fuel prices globally, for most of the year.
The objective of granting discounts to IEPS quotas is to amortize the price escalation when oil prices increase (mainly in the United States, Mexico’s main fuel supplier). On the contrary, when prices remain stable or do not have large increases, the Treasury charges the IEPS fees completely or with small discounts, which helps collect tax revenue, explained Arturo Carranza, director of Energy projects at Akza Advisors.
More for foreign trade
Another tax that is growing is the one charged on foreign trade activities, mainly on imports.
At the start of the new government, led by Claudia Sheinbaum, the Ministry of Economy began operations against smuggling and piracy, actions have been reinforced in conjunction with the SAT, the state governments and the National Customs Agency of Mexico (ANAM). ). This seeks, in addition to offering a level playing field to national manufacturers, to avoid evasion or omission of paying taxes when goods are brought into the country. Meanwhile, the SAT began charging VAT and import taxes for goods that are purchased from applications such as Shein and Amazon.
“All foreign trade actors are warehouses, enclosures, customs agencies, shipping companies, transporters, airlines, couriers, all of these who are foreign trade agents are under the focus of the fact that there is going to be a review of traceability, Inspection is up to the SAT, control is up to the ANAM,” explained Pedro Canabal, partner of Foreign Trade and Taxes at Baker Tilly México.
