Zero rate VAT
Exemptions and reduced rates or zero VAT on products such as food, medicine, service or supply of drinking water for domestic use, books, newspapers, magazines, and menstrual management products, represent the largest amount of what is left behind. raise, for 580,292 million pesos.
It is estimated that its application to concepts such as food and medicine represents a tax transfer in favor of households of 1.5% of GDP, reports the Treasury.
gasoline subsidies
In second place are the fiscal stimuli considered in presidential decrees and tax laws, for 477,717 million pesos, of which 328,393 million are to provide gasoline subsidies for ceasing to collect the federal IEPS fee, in addition to additional stimuli. to importers and producers of gasoline in the country.
A fiscal stimulus is a measure of a tax nature through which taxpayers or a group of them obtain a benefit, which seeks to promote or stimulate a behavior or an activity, details the agency in charge of Rogelio Ramírez de la O.
For 2022, the tax waiver of the IEPS incentive for automotive fuels represents 68.7% of the total and the incentives granted to taxpayers in the northern border region, in terms of VAT and ISR, amount to 20.0% of the total. Together they are equivalent to 88.7% of the total collection waivers for tax incentives, refers to the Treasury in the Budget Waivers.
According to the agency, spending on gasoline subsidies will represent 1.1% of GDP in 2022.
Income exempt from ISR
In third place are the fiscal expenses for providing ISR deductions to individuals, mainly for exempt income from retirement, social benefits, savings accounts, bonuses, overtime, contributions to Infonavit, interest paid by credit institutions, alienation of home, and interests received by the SIEFORES.
The total exemptions for exempt income from salaries is located at 0.62% of the GDP and represents around 87.7% of the total amount for exemptions in the ISR for individuals.
