What is the IEPS?
It is an indirect tax that is charged to consumers on the aforementioned products, that is, products that are not necessary, except for gasoline. Depending on the products, the rate will change.
Alcoholic beverages pay a tax depending on the degree of alcohol they handle. Those with up to 14 degrees have an IEPS of 26.5%, alcohols between 14 and 20 degrees are taxed at 30%, and beverages with an alcohol content above 20 degrees pay 53% IEPS.
For those foods with a caloric density of 275 kilocalories or more per 100 grams, 8% is paid. Products such as snacks, candies, chocolates and their derivatives, fruit candies, ice creams, ice creams and popsicles enter here.
In the case of gasoline, the IEPS charges a fee for the emission of pollutants. Currently, with the increase in oil prices and to prevent Mexicans from paying more money for fuel, the government has given incentives.
The incentives consist of not collecting part of the tax so that it is not passed on to users and, as a consequence, they lose income.
How much would they cost without stimulus?
In the absence of the stimuli, the average price of regular gasoline at the national level it would be between 6 and 7 pesos, according to PETROIntelligence estimates.
For example, for this week the IEPS quota for Magna gasoline was reduced by 100%, this means that it stopped charging 5.49 pesos for each liter sold, but not there for support, because in addition to this, it gave for the first time, a stimulus of 0.8716 pesos per liter to importers and refiners, for which it is failing to collect 6.36 pesos for each liter of green gasoline sold, according to Treasury figures published in the Official Gazette of the Federation (DOF).
Per liter of diesel, the government is losing 6.03 pesos per liter, due to the 100% reduction of the IEPS, and 60 cents due to the additional stimulus to VAT and ISR; on average 6.63 pesos that it does not collect for each liter of diesel.
Meanwhile, for the Premium there is a 100% discount on the IEPS fee, which represents just over 3.35 pesos lost for each liter sold.
