Overview

• The Chamber of Deputies’ finance panel plans to approve the 2026 Revenue Bill that lifts the IEPS on sugar‑sweetened beverages from 1.6451 to 3.0818 pesos per liter and extends the levy to electrolyte solutions with sugar and drinks using non‑caloric sweeteners, with WHO‑compliant serums exempted.
• The Finance Ministry projects more than 42 billion pesos in additional revenue from the package, with the bulk expected from higher taxes on flavored beverages.
• Lawmakers propose cutting the originally planned IEPS on nicotine pouches from 200% to 100% to limit illicit trade, estimating roughly a 101% rise in retail prices for a typical can.
• Banxico subgovernor Jonathan Heath warned in meeting minutes that the soda‑tax increase and new tariffs could add non‑trivial upward pressure on inflation and dissented from the latest rate cut on those grounds.
• Public polling shows 56% support for raising the soda tax and 83% support if funds are directed to prevention and care, while beverage companies and small‑retailer groups escalate opposition campaigns and warn of a tougher January price squeeze; the bill also raises tobacco taxes and adds an 8% levy on violent‑content video games.