CDMX.- The Ministry of Finance and Public Credit (SHCP) updated the fees for the Special tax on production and services (IEPS) for gasoline, soft drinks and cigarettes according to the increase in inflationwith which it is expected that they will become more expensive and generate an escalation of increases in other products.
The adjustment is related to the higher inflation of the last year that must be made as established Article 17-A of the Federal Tax Codethe agency explained in a statement.
He said that in December the update factor was published, which was taken as the basis for making the adjustment.
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A) Yes, in the case of the carved tobaccosthe IEPS quota that will apply from January 1, 2023 it will be of 0.5911 pesos for cigarettes in front of 0.5484 pesos which is valid until on December 31, 2022.
For the flavored drinks Like the refreshmentsthe amount of tax that consumers will have to pay as part of the total price increases from 1.3996 pesos to 1.5086 pesos per liter.
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GASOLINES RISE
The share of IPES updated for inflation the gas Magna will be 5.9195 pesos per liter in 2023that is, it increases from 5.4917 pesos per liter that will be charged until December 31, 2022.
While for the Premium the amount of special tax to be paid by motorists will go from 4.6375 pesos to 4.9887 pesos per liter starting next year.
To the diesel a fee will be applied IEPS of 6.5055 pesos in 2023which means an increase if one takes into account that it is currently 4.6375 pesos per liter.
According to Tax authoritiesthe applicable discount factor for the year 2023 to the quotas for cigarettes, soft drinks and fuel in relation to the Law of the Special Tax on Production and Services, is 1.0779 points.
The Treasury announced yesterday that the subsidies that have been applied to fuels will be reduced
In addition to this increase, the Treasury announced yesterday that itand they will reduce the subsidies that have been applied to fuels.
This is due to the fact that inflation has begun to decrease and that the international petroprices they are no longer under so much pressure, for which reason it was decided to return to the methodology that was being applied for the subsidies granted to fuel consumers, as it was before the October 26thwhen he made an adjustment for inflation that was above the 8 percent.
ANTICIPATE CLIMBING
Edilberto Castroa tax specialist, stated that the updates to the IEPS in gasoline and diesel, soft drinks and cigarettesinput will generate a inflationary effect.
“Once you already fuels rise everything starts to shoot up, because in fact, all the fuels rise fossil fuels, propane gas, and butane, jet fuel, and fuel oil, among others”, he warned.
About the fuelswere updated the quotas for each of the three that are traded at service stations for sale to the general public.
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GASOLINES RISE
The share of IPES updated for inflation Magna gasoline will be 5.9195 pesos per liter in 2023that is, it increases from 5.4917 pesos per liter that will be charged until December 31, 2022.
While for the premium the amount of special tax to be paid by motorists will go from 4.6375 pesos to 4.9887 pesos per liter starting next year.
To the diesel a fee will be applied IEPS of 6.5055 pesos in 2023which means an increase if one takes into account that it is currently 4.6375 pesos per liter.
According to Tax authoritiesthe applicable discount factor for the year 2023 to the quotas for cigarettes, soft drinks and fuel in relation to the Law of the Special Tax on Production and Services, is 1.0779 points.
In addition to this increase, the Treasury announced yesterday that itand they will reduce the subsidies that have been applied to fuels.
This is due to the fact that inflation has begun to decrease and that the international petroprices they are no longer under so much pressure, for which reason it was decided to return to the methodology that was being applied for the subsidies granted to fuel consumers, as it was before the October 26thwhen he made an adjustment for inflation that was above the 8 percent.
ANTICIPATE CLIMBING
Edilberto Castroa tax specialist, stated that the updates to the IEPS in gasoline and diesel, soft drinks and cigarettesinput will generate a inflationary effect.
“Once you already fuels rise everything starts to shoot up, because in fact, all the fuels rise fossil fuels, propane gas, and butane, jet fuel, and fuel oil, among others”, he warned.
