Key Contributions in Q1 2025
In the first quarter of 2025, large contributors representing only 0.01% of the taxpayer population provided 58% of Mexico’s total tax revenue, marking a 32.7% annual increase compared to the same period in 2024, according to an analysis by the Confederation of Mexican Businessmen’s Groups (COPARMEX) using data from the Secretariat of Finance and Public Credit (SHCP).
Sustained Contributions Throughout 2024
Throughout 2024, these large contributors accounted for 52% of the total revenue collection, equivalent to over 2.5 trillion pesos.
Growth Amidst Economic Slowdown
Despite the economic slowdown from January to March 2025, large private sector contributors generated tax income for the SAT amounting to 880,348.5 million pesos, compared to 663,288 million pesos in the same period of 2024. This represents a 32.7% increase.
This growth contrasts with the 0.32% increase in large contributor contributions from 2024 compared to the previous year, according to SHCP data.
Sector-wise Contributions
- Manufacturing industry: 187,715 million pesos with a 36% annual increase
- Financial and insurance services: 168,424 million pesos
- Wholesale trade: 111,511 million pesos
- Retail trade: 107,206 million pesos
Businesses as the Fiscal Engine of the Nation
Roberto Cantú Alanís, president of COPARMEX Nuevo León, emphasized that these figures confirm that the driving force behind Mexico’s tax revenue are formal and responsible businesses, which not only create jobs but also support public spending.
He stressed the importance of protecting and incentivizing their presence and growth, saying, “Instead of stigmatizing the productive sector, we must recognize its role as a pillar of national economic sustainability.”
Therefore, COPARMEX Nuevo León calls for establishing an environment that promotes investment, formality, and legal certainty—essential conditions to continue funding social programs, infrastructure, and public services that benefit the entire society.
Key Questions and Answers
- What is the significance of large contributors in Mexico’s tax revenue? Large contributors, representing a minuscule fraction (0.01%) of the taxpayer population, account for 58% of Mexico’s total tax revenue. Their contributions have increased by 32.7% annually, highlighting their crucial role in the nation’s fiscal health.
- Which sectors contributed the most in Q1 2025? The manufacturing industry, financial and insurance services, wholesale trade, and retail trade were the top contributors to Mexico’s tax revenue in Q1 2025.
- What message did COPARMEX Nuevo León convey regarding large contributors? COPARMEX Nuevo León’s president, Roberto Cantú Alanís, emphasized the importance of protecting and incentivizing large contributors’ presence and growth. He urged for an environment that promotes investment, formality, and legal certainty to sustain public programs and services.
