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Sheinbaum to End Tax Deduction on Banks’ IPAB Contributions in 2026

The government frames the shift as recovering about 10 billion pesos tied to the legacy costs of the 1995 bank rescue.

Overview

  • The change is included in the Paquete Económico 2026 and will be advanced through the Ley de Ingresos.
  • Finance Secretary Edgar Amador is slated to lay out technical details at the Tuesday morning briefing following the package’s formal delivery on Monday.
  • Banks currently deduct their contributions to the savings-insurance agency IPAB from taxes, a practice the administration says will stop next year.
  • President Claudia Sheinbaum said she has discussed the measure with some bank owners and expects them to cooperate.
  • IPAB manages obligations stemming from the Fobaproa rescue, for which the public sector covers most payments while banks provide a smaller share.