Today: November 16, 2024
November 16, 2024
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The collection of ISR and VAT will contribute 54% of public income

The collection of ISR and VAT will contribute 54% of public income

In total, tax revenues will provide 5,296 billion pesos next year, that is, 66% of all public income, the General Economic Policy Criteria refer that the Secretary of the Treasury, Rogelio Ramírez de la O, delivered this Friday to the Legislative Branch in the Chamber of Deputies.

The increase in these incomes is “the result of the greater dynamism of economic activity estimated for the following year and the effects of the measures to encourage greater compliance on the part of taxpayers and combat tax fraud,” says the Treasury in the General Criteria of Economic Policy for 2025.

The import tax will grow by 8.8%, with the aim of protecting the national industry “and in line with the trade policies of our main partners. “Mexico adjusted its legislation on import taxes, implementing tariffs on products from countries with which it does not have free trade agreements.”

Originally the tariff range was from 5% to 35%, but on April 23 of this year the rates were modified, leaving between 5% and 50% for 544 tariff fractions in sectors such as: steel, aluminum, footwear, plastics, glass and ceramics, among others, the Treasury said.

The income totals estimates for 2025 exceed 415,000 million pesos to what was approved in the 2024 Income Law, with a real variation of 3.3%while the Tax revenues will have a real growth of 3% (144,700 million more) and oil tankers 4.3% (49,400 million).

Non-tax income

For next year the federal government estimates 374,000 million pesos of non-tax incomedue to the collection of rights, uses and products, due to the proposed reform of the Federal Law of Rights (LFD) 2025 and the inclusion of rights with a specific destination, refunds and capital recoveries.

The above, points out the Treasury, “reinforces the pressure on the expected resources in the season”, in addition, “allows greater transparency in the management of public resources.”



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