LatinNews Daily - 20 January 2026

*Mexico’s President Claudia Sheinbaum has announced that Mexico’s tax take totalled M$6.05tn (US$343.53bn) in 2025, which she hailed as a “record” amount. She stated that tax collected by the national tax authority (SAT) last year had increased by 4.8% in real terms on 2024 and that this was achieved “without increasing taxes, just by continuing to work against tax evasion”. Sheinbaum said that the tax haul totalled M$487.45bn more in 2025 than 2024. Finance Minister Edgar Amador Zamora stated that tax take last year had exceeded projections and said that the finance ministry (SHCP) was forecasting a tax take of M$6.45tn this year. Sheinbaum promised that last year’s tax take would be reinvested in the country, stating that, “the additional revenue that we received for all Mexicans… will be awarded to wellbeing programmes, to public works, health, education mainly”. She also promised to continue improving Mexico’s fiscal policy by tackling “fiscal loopholes” and “corruption”. In particular, she pledged to prioritise tackling ‘factureras’ (shell companies which provide fraudulent invoices and avoid taxes) and to further improve border and customs control. This follows a 16% rise in foreign trade tax collection through customs last year compared to the previous year, which represents 27.1% of net tax revenues, according to the SAT head, Antonio Martínez Dagnino.

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