The Senate has approved with the votes from ruling party Morena and its allies, the Economic Package for 2026, which includes taxes on the consumption of sugary drinks, tobacco, violent video games, online betting, and digital platforms, as well as granting broader powers to the Tax Administration Service (SAT) to combat tax evasion and avoidance.
The drafts of the laws on Federal Rights, the Special Tax on Production and Services (IEPS), and the Federal Fiscal Code received approval in the plenary with expedited procedures and were subsequently sent to the federal executive for publication in the Official Gazette of the Federation.
Meanwhile, the opposition parties insisted that the new taxes are merely revenue-raising reforms disguised under healthy tax schemes, arguing that despite the tax on soft drinks, consumption will not decrease, and that the new measures included in the Federal Fiscal Code amount to “fiscal terrorism.”
Another point strongly criticized by the opposition was the 8 per cent IEPS imposed on video games with explicit violent content. The opposition also voiced its discontent with the increase in IEPS from 30 to 50 per cent on online lotteries and betting.
The reforms to the Federal Fiscal Code were approved with 76 votes in favour and 38 against, the Federal Rights Law with 76 votes in favour and 36 against, and the IEPS Law with 75 votes in favour and 35 against.
In September Mexico’s Ministry of Finance included a series of non-fiscal tax measures in the 2026 Economic Package aimed at discouraging the consumption of products deemed harmful to the population’s physical and mental health. These measures included new taxes on gambling.
Representatives from the casino sector in Mexico have voiced their concerns about the new taxes. During a working session of the Finance and Public Credit Commission of the Chamber of Deputies, Alfonso Pérez Lizaur, president of the Association of Gaming and Lottery Permit Holders and Providers (AC), stated that an increase in the IEPS poses a risk to a sector that generates formal income of 42.2 billion pesos. A significant portion of this revenue comes from licensed digital channels, which could potentially shift into the informal sector.
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The Senate has approved with the votes from ruling party Morena and its allies, the Economic Package for 2026, which includes taxes on the consumption of sugary drinks, tobacco, violent video games, online betting, and digital platforms, as well as granting broader powers to the Tax Administration Service (SAT) to combat tax evasion and avoidance….
The post Mexican Senate Approves Tax Hike appeared first on G3 Newswire.