Mexico City. In the first year of President Claudia Sheinbaum Pardo‘s government, the federal administration estimates receiving revenues of 9 trillion 302 billion pesos, resources that derive from greater and better tax collection, which will not mean that new taxes will be created, in accordance with the Federation Income Law initiative for 2025.
“My government intends to improve revenue collection, but it will not be through an increase in contributions, but through innovative, efficient proposals that are supported by technology, focusing on the fight against tax avoidance and evasion, strengthening the capacity and efficiency of the state apparatus in the supervision and surveillance of the payment of contributions,” the president stated in the letter of reasons sent with the 2025 Economic Package project.
The Ministry of Finance and Public Credit (SHCP) stated that in tax matters the public administration will redouble its efforts so that the collection of contributions is fair and the tax burden is equitable.
He indicated that they will promote programs to encourage compliance by small taxpayers, but also the incorporation of new taxpayers, which will result in more resources that will allow the continuation of the social programs that operate from the government of President Andrés Manuel López Obrador.
In total, the federation estimates obtaining 9 trillion 302 billion pesos, but when discounting income derived from financing the amount is 8 trillion 055 billion pesos, an amount mentioned by the head of the SHCP, Rogelio Ramírez de la O.
The Treasury indicated that it estimates that the federation will obtain tax revenues, mainly from taxes related to economic activity, in the following year for 5 trillion 297 billion pesos.
Of that amount, 2 trillion 859 billion pesos correspond to the income tax, one trillion 463 billion pesos are expected to be received from VAT and 713 billion pesos from IEPS—including gasoline and diesel.
For rights, the federal government expects to obtain 137 billion pesos, for uses 223 billion pesos and for income derived from financing one trillion 246 billion pesos.
President Sheinbaum Pardo highlighted that “the second floor of the Fourth Transformation has the basis of a solid economy, received from the previous administration,” which is why it will advance in strengthening public finances and the Nation project.
After recalling that “orthodox neoliberalism” caused harm to the people,” the president commented that “the Fourth Transformation proposes a model of moral economy with solid foundations, which are reflected in healthy public finances, good macroeconomic foundations and, most importantly, , in the historical reduction of poverty carried out in the previous administration.”
President Sheinbaum also stated in the initiative that the federal government will rely on coordination with the federal entities to increase public income without this representing generating a disproportionate burden for taxpayers, as it seeks to support and strengthen the economy and finances. public
“The aforementioned measures, together with a modernization of the processes for payment of contributions, will allow the Federal Government to have more resources to meet the needs of everyone, placing special emphasis on the people who have the least, which will contribute to further reduce the inequality gap that has historically affected our country and pay off the historical debt with those who have the least,” he noted.
The administration estimates that in 2025, due to the increase in industrial production in the United States, key sectors in Mexico will benefit from the increase in demand for inputs, while trade with that country will strengthen and diversify.
However, it is confident in the strength of consumption, the dynamite of the labor market, lower inflation levels and increased public and private investment.
Indebtedness
The economic package proposed an amount of net internal debt of up to one trillion 580 billion pesos, while the net external debt would be up to 15,500 million dollars, a figure that includes resources that would be exercised with international financial organizations.
“The responsible and transparent management of public liabilities will continue to be a priority for the federal government, with the objective of maintaining debt on a stable trajectory with respect to GDP in the medium and long term,” the letter states.
He noted that the financing needs of the public administration will be covered, the cost of debt will be mitigated, exchange rate volatility will be reduced, and the use of sustainable financing will be encouraged.
In addition, it will carry out a strategy focused on satisfying its financing needs in an efficient, prudent and timely manner, with strict compliance with the authorized debt ceilings.
“The public credit policy will favor financing in the local market with fixed rate instruments, to reduce the risk due to exposure to the exchange rate and changes in interest rates.”
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– How will the proposed measures to strengthen tax collection affect the overall economic environment for small businesses and individual taxpayers in Mexico?
Question 1: Could you please provide an overview of the Mexican government’s plans to increase tax revenue collection and ensure a fair tax burden for citizens? How do these plans align with the country’s commitment to reducing poverty and inequality?
Guest 1: Certainly. As stated in the article, the Mexican government’s goal is to improve tax collection through innovative, efficient proposals that are supported by technology, with a focus on fighting tax avoidance and evasion. This is done while ensuring that the tax burden remains equitable and not increasing contributions for citizens. The intention is to generate more resources to continue with social programs, particularly those aimed at reducing poverty and inequality, which are key objectives of the current administration.
Guest 2: Yes, the idea is to encourage compliance among small taxpayers and incorporate new ones into the system to increase overall tax revenue without necessarily raising tax rates. The government plans to address tax avoidance and evasion issues that may contribute to an unequal distribution of the tax burden. This strategy aligns well with the country’s commitment to social programs addressing poverty and inequality since it will provide additional funds for these initiatives.
Question 2: What specific measures does the government propose to increase tax collection and discourage avoidance or evasion? How will these measures impact businesses and individuals in Mexico?
Guest 1: The government plans to promote programs that encourage compliance among small taxpayers, modernize tax payment processes, and increase the efficiency of public administration supervision. Additionally, it seeks to strengthen its capacity for surveillance of tax payments. These measures aim to increase the accuracy of tax collection and discourage non-compliance. While some individuals and businesses may be impacted initially due to stricter enforcement, the overall goal is to create a more transparent and equitable system for all.
Guest 2: The use of technology is expected to play a significant role in improving tax collection, as well as targeted outreach programs for small businesses and individuals. The government also plans to work closely with federal entities to ensure compliance without imposing a disproportionate burden on taxpayers. This should lead to a more efficient system, but there may be some initial disruptions or adjustment costs for businesses and individuals
