New Taxes for Flavored Beverages, Fuels, Tobacco
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New Taxes for Flavored Beverages, Fuels, Tobacco

Photo by:   Image by Klimkin from Pixabay
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Emilio Aristegui By Emilio Aristegui | Junior Journalist and Industry Analyst - Mon, 12/27/2021 - 13:49

The Official Journal of the Federation (DOF) and the Ministry of Finance and Public Credit (SHCP) announced changes to the taxes of tobacco, fossil fuels and flavored beverages to protect consumers from damaging goods.

“In accordance with the provisions of articles 2o., Section I, paragraphs C), D), G) and H), and 2o.-A of the Law of the Special Tax on Production and Services, the applicable quotas to worked tobacco, automotive fuels, flavored beverages, fossil fuels and the applicable quotas for gasoline and diesel that are destined to the states, will be updated annually and will come into force as of January 1 of each year,” reads DOF’s press release.

These taxes were updated last in Dec. 2020. The 2022 update of the Law of the Special Tax on Production and Services calculated new quotas considering the National Consumer Price Index of Nov. 2021 and Nov. 2020, as established in the Federation Fiscal Code.

The tax for cigars is applicable to manufactured tobaccos and will enter into force on Jan. 1, 2022. It will amount MX$0.5484 (US$0.27). Taxes will also increase for gasoline, diesel and non-fossil fuels including propane, butane, gasoline and gas plane, jet fuel, diesel, fuel oil, petroleum coke, coke of coal, mineral coal and other fuels.

Photo by:   Image by Klimkin from Pixabay

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