The Tax Administration Service (SAT) reported that the collection from the Special Tax on Production and Services (IEPS) applied to gasoline, cigarettes, soft drinks, and alcoholic beverages had a record increase of more than 30% in the first nine months of 2024, reaching the figure of 449 billion 938 million pesos.
The IEPS collection recorded a growth of 30.8% compared to the same period of the previous year, which represented an additional amount of 121 billion 573 million pesos. Daily, the SAT collected around 1 billion 666 million pesos, which is 66.5 million per hour, from taxpayers obligated to pay this tax.
Regarding the general collection of the country, it reached 3 trillion 697 billion pesos between January and September 2024, representing a real increase of 5.3% compared to the same period of the previous year. The Income Tax (ISR) generated tax revenues of 2 trillion 38 billion 11 million pesos, showing an increase of 114 billion 865 million pesos, or 1.1% more than in 2023.
On the other hand, the Value Added Tax (IVA) contributed 1 trillion 38 billion 844 million pesos to public finances, reflecting a real increase of 4%. In the last six years, national collection has shown consistent growth, rising from 2 trillion 299 billion in 2018 to 3 trillion 687 billion in 2024.
In the words of the SAT: "Tax collection has made significant advances in recent years, reflecting taxpayer compliance with tax obligations, thus contributing to the strengthening of public finances."
