The Tax Administration Service (SAT) reported that from January to July 2023, tax collection was 2.64 trillion (million million) pesos6.0% more in real terms than in the same period of 2022.
This means that in the first seven months of this year, the collecting body has entered 297,331 million pesos more to public coffers.
The SAT added in a statement that, from 2018 to 2023, the real growth of net tax revenue has been 11.6%
However, it did not specify how much of this increase in collection corresponded to Value Added Tax (VAT), Income Tax (ISR) and Special Tax on Prices and Services (IEPS).
“The SAT reiterates that tax collection is the main source of financing for the Federal Government, so it is constantly working to make it efficient and eradicate practices through which some taxpayers avoid or reduce their tax payment”, he added in the statement.
To this end, it implemented the 2023 Control and Collection Master Plan, which includes authority management, control actionsfight against corruption and better attention to the taxpayer.
In the first half of 2023, public sector tax revenues were 2.27 trillion pesos, 4.1% more in real terms than in the first half of 2022, but 89,710 million pesos below what was programmedaccording to the most recent figures from the Ministry of Finance and Public Credit (SHCP).
In said period, ISR collection increased 2.9% annually; while VAT fell 8.0% and collected 101,029 million pesos less than programmed, while IEPS income took off 140%, but 35% less than programmed in 2023, according to the Public Finance and Public Debt report from the SHCP to the second quarter of the year.
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