The Mexican Institute of Public Accountants (IMCP) considered that, in practice, a form of tax reform is already underway in Mexico, with the automation of processes, greater care in refunds, precision in taxpayer oversight, and the modernization of the treasury, all of which have increased the efficiency of tax collection.
“We believe there is indeed a tax reform, probably not tangible, not visible as we would expect to see a change in the law, a new tax, or a modification of tax rates.
“But there is automation of many processes, care with the issue of refunds, precision when auditing, and modernization, even if it is not as perceptible on the (tax) pages,” said Rolando Silva, vice president of the IMCP’s technical tax commission.
During the IMCP’s monthly press conference, the Institute specialist stated that in this way, the Tax Administration Service (SAT) has managed to reduce the cost per peso of resumption by almost 30%, which means it is becoming more efficient.
However, Silva noted that even with this increased efficiency, there will soon need to be a truly tangible tax reform that makes deeper adjustments and adjustments to our country’s tax system.
He recalled that the “historically high” fiscal deficit with which last year ended leads to the conclusion that in the short term In the near future (probably 2026 or 2027), the government will have no choice but to implement a tax reform.
He emphasized that the IMCP is working on a tax reform project in which they propose a series of recommendations that will contribute to reducing the fiscal deficit “without this becoming a burden for businesses.”
He explained that some of the proposals being worked on, and which have even been presented to legislators, aim to reduce informality in the country, with some tax benefits that, without representing a significant loss in revenue for the government, “can generate an economy where being formal is beneficial.”
“We believe that we should focus more on generating soft loans, for example, on boosting SMEs, and not on creating an additional tax burden. Paying taxes shouldn’t be expensive or difficult, and in that sense, we believe progress is being made,” he concluded.
30% Tariff Would Plummet GDP
For his part, Héctor Amaya, president of the Mexican Immigrant Workers’ Union (IMCP), said that the imposition by the United States of a 30% tariff on Mexican imports could cause a drop in Gross Domestic Product (GDP) of up to 1.2 percent, as well as curb foreign direct investment and impact employment.
“At the IMCP, we reiterate our support for a bilateral relationship based on respect, legality, and economic cooperation, and we firmly call for diplomatic dialogue to avoid a trade escalation that would affect millions of families and businesses in both countries,” Amaya stated.
The United States government, led by President Donald Trump, has announced the imposition of a 30% tariff on all imports from Mexico, which will take effect on August 1, 2025.
Source: eleconomista
