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🇲🇽 Mexico /Economy & Trade

Sheinbaum proposes fuel-tax tracking system to combat tax fraud

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
  • President Claudia Sheinbaum said Mexico’s 2027 Economic Package will propose tracing the fuel tax from importation through distribution and gas station sales.
  • The measure aims to combat tax evasion linked to illicit fuel trading, which authorities say has declined but persists.
  • Sheinbaum said the package will be submitted to Congress on Sept. 8 and will not create a new tax.

Mexico plans to track its existing fuel tax from the moment gasoline and diesel enter the country until they are sold at gas stations, President Claudia Sheinbaum said.

The proposal will form part of the 2027 Economic Package, which the government plans to submit to Congress on Sept. 8. Sheinbaum said the system would help fight “huachicol fiscal”, a term used for tax fraud involving fuel.

We want the IEPS on fuels to have traceability. That will help us a lot with an issue that has declined considerably, but cases of fuel tax fraud still occur.

· Claudia SheinbaumMexico’s president explained the proposed tracking system for the fuel tax.

The measure would give the Special Production and Services Tax, known by its Spanish acronym IEPS, greater traceability through importation, distribution and retail sales. Sheinbaum said Mexico’s tax administration, the SAT, is working on the proposal but would need time to adapt its systems.

It is not a new tax, obviously. It is the same one that exists now, but it combats tax evasion.

· Claudia SheinbaumSheinbaum stressed that the proposal would monitor an existing tax rather than create a new levy.

“We want the IEPS on fuels to have traceability. That will help us a lot with an issue that has declined considerably, but cases of fuel tax fraud still occur,” Sheinbaum said. She added that the plan would not impose a new tax. “It is not a new tax, obviously. It is the same one that exists now, but it combats tax evasion.”

Sheinbaum said reducing tax evasion would be one of the package’s main aims. She cited continuing problems involving companies that issue false invoices and other forms of evasion, saying the government wants to use different mechanisms to ensure taxes are paid.

People still want to cheat, so essentially it has to do with that.

· Claudia SheinbaumSheinbaum described the broader purpose of the 2027 Economic Package as reducing tax evasion.
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.

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