DistantNews
Support us
๐Ÿ‡ฒ๐Ÿ‡ฝ Mexico /Economy & Trade

Grupo Elektra Pays Nearly 14 Billion Pesos Towards Tax Debt, Will Settle Remainder by 2027

From El Universal · () Spanish

Translated from Spanish and summarized by DistantNews. Read the original for the full story.

At a glance

News Official statement New plan
  • Grupo Elektra has paid nearly 14 billion pesos towards its 32.13 billion peso tax debt to Mexico's tax authority (SAT).
  • The remaining balance will be settled in installments through July 2027, as per an agreement with the SAT.
  • This payment follows an initial installment of over 10.4 billion pesos made earlier in the year.

Grupo Elektra, a prominent business group led by Ricardo Salinas Pliego, has significantly advanced its tax obligations, paying 13.979 billion pesos to Mexico's tax authority, the SAT. This substantial payment is part of a larger agreement to settle a total tax debt amounting to 32.132 billion pesos.

The payments are being made in accordance with the Federal Fiscal Code and applicable judicial resolutions. The Secretariat of Public Administration and Credit (SHCP) confirmed that a business group is in the process of paying the SAT the specified amount, with the final settlement scheduled for July 2027. This structured payment plan allows for the gradual liquidation of the debt over the coming period.

This recent payment represents a second installment, following an initial significant payment of 10.400 billion pesos made in January of the same year. The current payment amounts to an additional 3.579 billion pesos, bringing the total paid thus far to nearly 14 billion pesos. The agreement ensures that the remaining balance will be paid in partial installments, extending the settlement timeline to mid-2027.

The ongoing process underscores the commitment to resolving the tax debt through a structured and agreed-upon payment schedule. Grupo Elektra's compliance with the payment plan, as confirmed by the SHCP, marks a step towards the full resolution of this fiscal matter.

About this summary

Originally published by El Universal in Spanish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.