Mexican fiscal and regulatory policy developments

Mexican legislators and government officials have engaged in debates and policy announcements regarding fiscal and regulatory frameworks. Initially, lawmakers raised concerns over specific tax and regulatory proposals. Deputy Jorge Iván Ortega Jiménez advocated for artisanal mezcal producers in Guerrero, suggesting a shift from the current Ad Valorem IEPS tax structure to an Ad Quantum model based on alcohol content. He also opposed regulations that would allow industrial chemical simulation of mezcal aging. Additionally, Deputy Rubén Moreira Valdez challenged a proposed 2 percent charge on technological devices, questioning its legality under the Foreign Trade Law and the USMCA.

Subsequently, the focus shifted toward broader economic support through the ‘Plan México’ framework. President Claudia Sheinbaum announced initiatives to support micro, small, and medium-sized enterprises (MSMEs). These measures include tax relief, such as a maximum income tax rate of 2.5% without annual declaration requirements and a fixed 7% value-added tax rate. The plan also aims to streamline social security procedures and provide financing through development banks like Nacional Financiera and Bancomext, offering credit lines ranging from 500,000 to 30 million pesos.