The Servicio de Administración Tributaria (SAT) announced that tax revenues in Mexico surpassed projections outlined in the Federal Revenue Law for 2024, achieving a compliance rate of 100.3%.
In 2023, the country recorded a historic tax collection of 4.954 trillion pesos, marking a real growth of 4.7% compared to the previous year.
The Special Tax on Production and Services (IEPS) experienced the most significant growth, increasing by 34.8%.
In 2024, income tax (ISR) collections amounted to 2.684 trillion pesos, reflecting an increase of 177.263 billion pesos or 2.2% in real terms. Value-added tax (IVA) generated 1.407 trillion pesos, an increase of 41.4 billion pesos from 2023.