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Quálitas Accepts New VAT Rule, Will Book One-Time 2025 Hit of About 2 Billion Pesos

The insurer seeks closure under a 2026 measure that settles prior VAT disputes.

Overview

  • Quálitas informed the Mexican stock exchange that it will adhere to the fiscal change and record a correction for fiscal year 2025.
  • It estimates an approximately 2,000 million peso non‑recurring reduction to 2025 net income, with the exact figure pending final dispositions and accounting guidance.
  • Beginning in 2026, VAT charged by claims service providers will no longer be creditable for insurers and will be treated as deductible.
  • A transitory clause in the 2026 economic package removes contingencies for periods before 2024 and closes related administrative or legal processes.
  • Quálitas is the largest auto insurer with more than 6.1 million vehicles insured across several countries, with Mexico accounting for over 70% of units.