Mexico Senate commissions approve 2027 Revenue Law

The United Commissions of Finance and Public Credit and Legislative Studies in the Mexican Senate have approved the 2027 Revenue Law package. The package includes reforms to the Federal Rights Law and the Income Tax Law (ISR). For 2027, the government estimates total revenues of approximately 10.6 trillion pesos, with taxes expected to account for roughly 58.9 percent of that total.

The approval process faced significant opposition from various political parties. Critics, including representatives from PAN and Movimiento Ciudadano, raised concerns regarding a projected increase in public debt of 1.7 trillion pesos. Opponents argued that much of this new debt would be used to service interest on existing obligations rather than for infrastructure or social programs. Additionally, legislators from the PRI criticized the package for allegedly forgiving fines and surcharges for large taxpayers while increasing the burden on compliant businesses and sectors like tourism and private health.

In defense of the package, Senator Manuel Huerta Ladrón de Guevara stated that debt authorization does not equate to immediate spending and is necessary to fund infrastructure, logistics, and energy projects to attract foreign investment. The package is scheduled for a plenary vote in the Senate next Tuesday.