Mexico City /
The Ministry of Finance and Public Credit (SHCP) increased the fiscal stimulus for the Magna gasolineaccording to the decree published in the Official Gazette of the Federation (DOF).
However, the agency maintains without this benefit the Special Tax on Production and Services (IEPS) from Premium gasoline and diesel, which is paid at 100 percent. Here we tell you how much tax you will pay for each liter.
Tax stimulus for gasoline and diesel
the data
What is fiscal stimulus?
They are those that are authorized through a collegiate group of agencies and/or institutions, through which individuals (individuals and legal entities) are allowed to contribute resources to an investment project and reduce the amount of their contribution from the payment of their income tax.
The percentages of the fiscal stimulus will be in force from October 19 to 25, 2024 and they will be the following:
- The Magna gasoline will have a fiscal stimulus of 4.35 percent or 0.26 pesos per liter.
- He diesel He has not had a stimulus for 13 consecutive weeks.
- Meanwhile, the Premium gasoline It has not had this support from the government since the second week of October 2023.
How much tax is paid per liter of gasoline and diesel?
THE DATA
What is the IEPS in Mexico?
It is the tax paid for the production and sale or import of gasoline, alcohol, beer and tobacco, among other goods, mainly. Just like VAT, it is an indirect tax, because taxpayers do not pay it directly but rather pass it on or collect it from their clients (except for imports) and the taxpayer only reports it to the SAT.
- ​Gasoline less than 91 octane (Magna): Drivers must pay 5.90 pesos tax per liter.
- Gasoline greater than or equal to 91 octane (Premium): The tax for consumers has remained at 5.21 pesos for each liter since January, without the support of the Treasury.
- For diesel: The tax to pay is 6.78 pesos per liter.
In Mexico is paid IEPS for each liter of gasoline purchased; However, to avoid volatility, the agency establishes a fiscal stimulus every week based on the exchange rate, international reference prices and logistics costs.
What is the price of gasoline TODAY in Mexico?
Today, Friday, October 18, the average price of Magna gasoline At the national level it is 23.99 pesos per liter, while the Premium gasoline It is sold at 25.39 pesos, which presents a slight increase compared to last week.
Meanwhile, the diesel It is at a price of 25.54 pesos per liter, on average in Mexico.
M.R.A.
