Business · Companies · 3 hrs ago
Mexican financial sector tax claims rise to 99.7 billion pesos
By the end of June, tax claims against Mexico’s financial sector reached 99.7 billion pesos.
The sector includes banks, pension fund managers, insurers and brokerage firms.
The total was up 185% in real terms from 24.8 billion pesos in the first half of 2019.
A tax claim is an amount the tax authority says an institution owes; it can involve questions about unpaid income or value-added tax, deductions or required filings.
Tax expert Jesús Rodríguez Ambriz said the increase reflects more intensive audits by the SAT, Mexico’s tax authority, as the government seeks revenue without a broad tax reform.
Banking, pension and finance associations say their members are committed to meeting tax rules, but the pension fund association’s head said he did not know the status of each fund.
Some tax cases remain under dispute, and the article says a new tax measure may offer some reductions to companies that agree to pay, but it does not give further details.
Tax claims against Mexico’s financial sector stood at 99.674 billion pesos at the end of June, according to figures from the Finance Ministry.
The amount was up 185% in real terms from the first half of 2019.
A tax expert attributed the increase to intensified audits by the tax authority, particularly of large taxpayers.
Representatives of banking, pension-fund and financial-services groups said they comply with tax rules, while noting they could not speak to every member’s individual tax status.
- Who
- Mexico’s financial-sector institutions, including banks, pension funds and insurers, are the subject of the tax claims.
- What
- Tax claims against the sector reached 99.674 billion pesos.
- When
- The figure was recorded at the end of June; the article was published on October 21, 2026.
- Where
- Mexico.
- Why
- A tax expert said the increase reflects intensive audits by the tax authority, especially of large taxpayers. The article says the audits aim to increase revenue and combat tax avoidance.
Mexico’s tax authority
Financial-sector groups
Tax claims
Mexico’s tax authority
The authority’s assessments include alleged unpaid taxes, improper deductions or aggressive tax planning.
Financial-sector groups
Representatives of the banking and pension-fund groups said they pay or are current on their taxes, while noting they could not confirm every member’s status.
Audits
Mexico’s tax authority
The tax authority reviews substantive and formal tax compliance, with emphasis on large taxpayers and key sectors.
Financial-sector groups
Asofom said it respects the authorities’ powers but lacks consolidated information about audits or possible claims against its members.
Tax debts of the financial and insurance sectors totaled 24.803 billion pesos.
Tax claims against the financial sector stood at 99.674 billion pesos.
Expansión MX published its report on the increase in financial-sector tax claims.
- Tax claims at end of June
- 99.674 billion pesos
- Real increase
- 185% compared with the first half of 2019
- Financial-sector tax debts in first half of 2019
- 24.803 billion pesos
- Tax authority
- SAT
- Article publication
- October 21, 2026
What people are saying
The logic was that, given the impossibility of a comprehensive tax reform, intensive audits were used, especially of large taxpayers, to increase revenue and combat tax avoidance
The most important thing about the measure is not so much its effect on banking, but that the government is taking steps to ensure sound public finances
We are up to date with the tax authority