Overview
- Peru’s SUNAT reported S/159.496 billion in tax revenue from January to November, up 11.5% year over year, with November at S/14.870 billion for a 3.1% annual increase.
- SUNAT says it will meet the MEF’s full‑year target of S/173.377 billion, implying December receipts need to exceed roughly S/13.8 billion given recent trends.
- Mexico’s SAT recorded 5.53 trillion pesos in federal revenues for January–November, a real increase of 5.9% that outpaced the 2025 Income Law projection for the period.
- Tax collection in Mexico reached a record 4.91 trillion pesos over the 11 months, including ISR at 2.65 trillion (+5.1% real), IVA at 1.37 trillion (+1.4% real) and IEPS at 617,787 million (+4.4% real).
- SUNAT credited higher metal prices, a 2.7% rise in CIF imports, tighter enforcement and recent legal measures (D.L. 1634, D.L. 1623, Ley 31557, D.L. 1644), while SAT highlighted greater formality, better compliance and digital tools such as SAT Móvil and Oficina Virtual.