Overview

• From January to September, tax and non-tax receipts rose 9.1% in real terms, adding about 542 billion pesos versus a year earlier, according to SHCP.
• For fiscal 2025, public revenues show a 4.6% real increase, with roughly 500 billion pesos more than 2024 and close to 200 billion from improved customs collection.
• The government emphasized that ISR and IVA rates were unchanged and no new taxes were introduced to deliver the gains.
• SAT tightened taxpayer registration and e-signature issuance to block fake firms and proposed Código Fiscal amendments for faster penalties, including a 24-day abbreviated procedure, immediate digital-seal cancellations, restrictions on registering new entities, and preventive detention for invoice sellers.
• Building on the outperformance, Hacienda set a 2026 revenue goal near 8.7 trillion pesos and outlined allocations to social programs, infrastructure, education, health, and housing.