Key Tax Adjustments Targeting Fintech, Banks, and Digital Platforms
Mexico’s Secretariat of Finance and Public Credit (Hacienda) is preparing a package of tax adjustments to close loopholes, modernize the tax framework in light of digital economy advancements, and provide strategic stimuli to key sectors leading up to 2026 when Mexico will host the FIFA World Cup.
Tax Changes Affecting Banks, Digital Platforms, Fintech, and Resico Contribuents
According to the General Criteria of Economic Policy within the 2026 Economic Package and Budget, presented to the Chamber of Deputies by Hacienda, several tax update measures will directly impact banks, digital platforms, Fintech companies, and Resico contribuents.
- Unified Retention Rate: A 2.5% retention rate for individual digital intermediation platform users will be established, aligning with the existing Resico scheme. For legal entities, a 4% retention rate applies if they have an RFC (Registro Federal de Contribuyentes), and up to 20% if they don’t provide it.
- IVA Retention: An 8% IVA retention rate will be applied to those with RFC, and 16% for those without. These criteria extend to foreign residents and individuals receiving payments in bank accounts outside Mexico for operations conducted within the country.
Fintech Under Scrutiny
Hacienda proposes that Institutions of Collective Financing (IFC), regulated under the 2018 Fintech Law, be obligated to retain and remit ISR (Impuesto Sobre la Renta) and IVA on operations where they act as intermediaries, closing a regulatory gap that has created disparities compared to other taxpayers.
“Noncompliance in the retention and remittance of taxes by Fintech companies when acting as intermediaries has been detected, so measures are proposed to strengthen this obligation,” the document reads.
Financial Market: Loans of Securities and Foreign Investment
To encourage investor participation in the securities market, Hacienda suggests that interest retention on loan of securities operations should no longer be calculated based on capital but only on the premium paid to the lender.
Additionally, adjustments are planned to facilitate foreign private capital fund entry and a capital repatriation scheme with a preferential 15% ISR rate, provided the resources are reinvested in productive activities for at least three years.
Strategic Stimuli: Culture, Sport, and the 2026 World Cup
Beyond technical changes, Hacienda maintains and updates incentives for the cinematographic industry, cultural activities, and high-performance sports. Specifically, tax benefits and administrative advantages are announced for participants in the 2026 FIFA World Cup, aiming to amplify the economic, tourism, and social effects brought by the sporting event.
- Tax-free and administrative burden relief: Individuals and legal entities involved in organizing, developing, or hosting activities related to the 2026 FIFA World Cup will be exempt from tax and administrative obligations, according to the General Criteria.
