On Monday, September 8, 2025, the Ministry of Finance and Public Credit (SHCP) presented before the Chamber of Deputies the 2026 Economic Package, comprised of the General Economic Policy Criteria, the Revenue Law Initiative and the Federal Expenditure Budget Bill. As every year, this instrument seeks to guarantee the necessary resources for public spending, but on this occasion it is accompanied by a set of relevant fiscal reforms that will directly impact taxpayers.
Macroeconomic outlook
The SHCP foresees that in 2026 the Mexican economy will maintain its resilience, with an estimated growth between 1.8 % and 2.8 % real annual growth, in line with the projections of international rating agencies. Among the most noteworthy assumptions are:
- Reducing deficit: Public Sector Borrowing Requirements will fall to 4.1 % of GDP, 1.6 points lower than in 2024, with the objective of keeping debt on a stable trajectory.
- Historic revenue collection: a collection equivalent to 15.1 % of GDP is projected, supported by digitalization and expansion of the tax base, without creating general taxes.
- Productive investment: resources amounting to 2.5% of GDP will be allocated to physical infrastructure to strengthen value chains and productive vocations.
- Controlled inflation: estimated at 3.5%, within the Bank of Mexico’s range.
- Exchange rate stability: the peso is expected to remain below 19 pesos per dollar, despite global volatility.
Investment and public spending
The Proposed Expenditure Budget prioritizes public investment, complementary to private investment, and the continuity of social programs.
- Strategic infrastructure: more than 228 billion pesos in passenger trains (AIFA-Pachuca and Querétaro-Irapuato), highways (Ciudad Valles-Tampico, Saltillo-Monclova), highways and hydraulic works.
- Welfare poles and countryside: development of industrial poles and agricultural technification to attract investment and increase rural productivity.
- Social programs: 3% of GDP for pensions, scholarships and health programs, benefiting more than 80% of households.
- Labor strength: unemployment at historic lows and real wages on the rise, driving domestic consumption.
Relevant tax measures
The 2026 Economic Package 2026 does not create new general taxes, but adjusts key provisions to strengthen collection and combat evasion.
- IEPS: increase in quotas on sugar-sweetened beverages and tobacco, as well as the creation of an 8% tax on video games with violent content.
- Strategic tariffs: modifications to tariff items in sensitive sectors (automotive, manufacturing) in compliance with trade agreements.
- Repatriation of capital: program with a preferential rate of 15% for legal resources reinvested in Mexico for at least three years.
- Digital platforms: new ISR and VAT withholdings, with rates that can reach 20% if the RFC is not provided.
- Surcharges: increase to 1.38 % per month in cases of noncompliance.
Amendments to the Federal Fiscal Code (CFF)
The main focus of the tax reforms is the fight against false invoices and the increased supervision of taxpayers:
- Article 29-A Bis: requires CFDIs to support real transactions and valid legal acts. If falsehood is detected, the digital seal will be cancelled and the issuer will be published.
- Summary procedure (Article 49 Bis): the SAT may suspend the invoicing at the beginning of the proceeding. The taxpayer will have five days to defend itself, and the resolution must be issued within a maximum of 24 business days.
- Restrictions to the RFC and digital stamps: the SAT will be able to deny registration to companies whose partners have a history of simulated companies or firm tax credits. Likewise, the cases of restriction or cancellation of digital stamps are extended.
- Identity verification: identity validation for e.firma will be performed only by the SAT, eliminating third party verification, in order to reduce the risk of usurpation.
- Simplified Trust Regime: Individuals will no longer be required to file an annual tax return, and their monthly payments will suffice.
- Cancellation of CFDI: can only be made up to the month in which the annual tax return for the fiscal year is filed.
Additional adjustments
- Limitation on deductions from financial institutions, including IPAB fees and bad debts.
- Strengthened customs powers: digital seals may be restricted for irregularities in foreign trade and new smuggling conducts are typified.
- The appeal for revocation will no longer suspend collection actions by the SAT and will be inadmissible if the taxpayer is unaware of the tax credit.
Impact for companies and taxpayers
The 2026 Economic Package seeks to increase tax collection efficiency, close loopholes for tax evasion and maintain macroeconomic stability, but it also represents greater burdens and risks for taxpayers. Restrictions in the RFC, cancellation of digital stamps, increased tax audits and changes in the revocation recourse force companies to reinforce their tax compliance.
Derived from the above, the specialized team in the tax area of Vega, Guerrero & Asociados tax area of Vega, Guerrero & Asociados offers you the necessary offers the necessary support and guidance to comply with these tax regulations.
We are committed to providing you with the necessary support to address these changes and ensure your company’s compliance with relevant regulations.
