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4d ago

Mexico to End Tax Deduction for Banks’ IPAB Contributions in 2026

The government will send the change in the 2026 economic package, expecting about 10 billion pesos in additional revenue.

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Claudia Sheinbaum en su conferencia mañanera del 5 de septiembre.
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Overview

  • President Claudia Sheinbaum announced on Sept. 5 that banks will no longer deduct their contributions related to Fobaproa-era obligations starting in 2026.
  • The measure is included in the Paquete Económico 2026 slated for delivery to the Chamber of Deputies on Monday, Sept. 8, before the standard congressional review.
  • Finance Secretary Édgar Amador is set to outline implementation details at a government briefing next week.
  • The administration estimates the policy will yield roughly 10,000 million pesos for the federal coffers.
  • Sheinbaum said she discussed the plan with some bank owners and expects cooperation; banks paid 35,074 million pesos to the IPAB in 2024 and 9,489 million in the first quarter of 2025.