Thursday, September 18, 2025

Mexico’s tax collection agency recovers a record 4 billion pesos

Mexico’s Federal Tax Administration (SAT) reported that it collected 417 billion pesos after audits during the first nine months of 2020, 144% more than last year.

The amount, a record for the agency, is 12 times the amount budgeted in 2021 for the Maya Train. It is also three times the amount needed for Mexico’s seniors’ pension plan.

According to SAT officials, nine out of 10 audits resulted in money recouped.

The news comes not long after some less-than-great news for the agency. SAT chief Raquel Buenrostro reported in October that tax collections were down 0.9% this year compared to last year.

Not all this extra money is cash in the bank yet, however.

About 1.63 billion pesos of it actually consists of future amounts that will not be returned to taxpayers due to the agency’s better tracking and control mechanisms that it predicts will catch questionable taxpayer deductions and fraud, officials said.

Nevertheless, SAT officials said, the initiative turned a hefty profit: the agency said it made 153.8 pesos for each peso spent on audits.

El Universal (sp)

Have something to say? Paid Subscribers get all access to make & read comments.

Fed rate cut sends peso to strongest level vs. dollar in more than a year

0
Wednesday's closing rate of 18.32 pesos per dollar represented a 0.2% gain from Monday's session, capping the peso's eighth consecutive day of strengthening against the greenback.
sacks of drugs

US names Mexico among 23 principal drug-producing countries while praising its anti-cartel crackdown

6
Mexico's inclusion was hardly a surprise, but it was noteworthy that the Trump administration praised the Sheinbaum administration for its increasing cooperation.
Guiengola, Oaxaca

Biologists work to turn Oaxaca’s Guiengola archaeological zone into nature reserve

1
Led by 23-year-old biologist Eduardo Michi, a group of scientists has deployed camera traps across more than 300 hectares to document local fauna like coatis, rabbits, squirrels and ocelots.
BETA Version - Powered by Perplexity