Background and Relevance
The Mexican government, led by President Claudia Sheinbaum, has introduced a significant fiscal measure in the 2026 Economic Package. The proposal targets adjustments to tax deductions related to payments made by multiple-bank institutions to the Institute for Bank Protection (IPAB).
The Secretary of Finance, Edgar Amador, highlighted that three-quarters of the IPAB payments from multiple-bank institutions will no longer be deductible for Impuesto Sobre la Renta (ISR) purposes. This change aims to prevent abusive practices that reduce the tax base for both individuals and legal entities, thus curbing tax evasion.
Key Figures and Their Stances
Ricardo Monreal, president of the Junta de Coordinación Política, expressed support for the proposal, questioning why such a measure wasn’t implemented earlier.
“Why wasn’t this done before? Since the IPAB’s inception, why was this deduction not addressed until now?” Monreal inquired during a press conference.
Monreal further stated, “I will carefully review this document and act coherently.”
Expected Financial Impact
President Sheinbaum previewed this proposal during her Friday press conference, hinting at its inclusion in the 2026 Economic Package. She mentioned that the private bank rescue debt, now public, had allowed banks to deduct IPAB payments from their taxes.
Sheinbaum anticipated recovering approximately 10,000 million pesos through this adjustment. She also mentioned discussions with bank representatives, expressing confidence in their cooperation.
Key Questions and Answers
- What is the proposed change? Three-quarters of IPAB payments made by multiple-bank institutions will no longer be deductible for Impuesto Sobre la Renta (ISR).
- Who supports this proposal? Ricardo Monreal, president of the Junta de Coordinación Política, has expressed support for the measure.
- What is the expected financial impact? The Mexican government anticipates recovering around 10,000 million pesos through this adjustment.
- What was the nature of the bank rescue debt? The debt, initially private, became public and allowed banks to deduct IPAB payments from their taxes.
