Mexico City, Apr 12 (EFE).- The Government of Mexico reported this Wednesday that the collection of 1.2 trillion pesos (about 67,736 million dollars) for taxes during the first quarter of 2023 was achieved.
According to the Tax Administration Service (SAT), this level of tax revenue represented an annual increase of 1%, compared to the first 3 months of 2022.
This represented an increase in tax revenue for Mexico of 96,232 million pesos (5,323 million dollars) until April 3.
“The increases in the collection of 2023, are only possible thanks to the effort of the taxpayers to comply with their tax obligations in this period of the Annual Declaration of the year 2022”, celebrated the Mexican tax authority.
The level of collection during this first quarter of 2023 is the highest in the last 5 years, although it represents the lowest annual variation in the same period.
This higher increase was due to a greater push from the Special Tax on Production and Services (IEPS), followed by the Value Added Tax (VAT), both related to consumption.
In this sense, the SAT detailed that the IEPS, which is applied to products such as cigarettes, alcohol and gasoline, presented an increase of 13.3% in real terms between the first quarter of 2023 and the same period of 2022.
According to data from the Mexican tax authority, this tax contributed 16.3 billion pesos (901.6 million dollars) between last January and March.
Regarding VAT, the specific SAT that had a contribution of 530,831 million pesos (29,363 million pesos) in the first 3 months of the year, which meant an increase of 40,199 million pesos (2,223 million dollars) compared to the first quarter of 2022.
According to the SAT, VAT collection between January and March allowed refunds to taxpayers for 229,351 million pesos (12,686 million dollars), an increase of 11.8% in real terms compared to the same period in 2022.
For its part, it announced that the Income Tax (ISR) contributed 78,168 million pesos (4,323 million dollars) in the first quarter of 2023, representing an increase of 3.3% at the annual rate.
According to SAT data, between 2018 and 2023, the real growth of net tax revenue has been 13.9%.
