Politics · Mexico · 1 hr ago
Mexico’s finance committee approves income tax reform bill
Mexico’s Chamber of Deputies finance committee approved an income tax reform bill by 26 votes to nine.
The proposal would limit tax deductions for companies and individuals and change how businesses can deduct some expenses.
Companies with revenue above 50 million pesos could face a cap on deductions when those deductions equal or exceed their income.
Supporters from Morena and the PT say the changes could make it easier for new taxpayers to join the tax system and help combat tax evasion.
The reform is also intended to raise government revenue and curb tax avoidance.
Morena coordinator Ricardo Monreal said the full Chamber of Deputies would debate and vote on the bill this week.
Mexico’s Chamber of Deputies Finance Committee approved an income tax reform bill by 26 votes to nine.
The bill would limit tax deductions for companies and restrict how they can offset tax losses.
Supporters from Morena and the PT said the changes would help bring new taxpayers into the tax system and fight tax evasion.
The bill is due to be discussed and voted on by the full Chamber of Deputies this week.
- Who
- The Chamber of Deputies Finance Committee approved the bill. Morena and PT deputies voted in favor.
- What
- The committee approved a reform to Mexico’s Income Tax Law, with 26 votes in favor and nine against.
- When
- The committee vote was reported on October 13, 2026. The full chamber is due to discuss and vote on the bill this week.
- Where
- The Chamber of Deputies in San Lázaro, Mexico.
- Why
- Supporters said the changes would help bring new taxpayers into the tax system and strengthen the fight against tax evasion.
This story does not have two clearly opposing sides.
The Chamber of Deputies Finance Committee approved the bill by 26 votes to nine.
The bill is due to be discussed and voted on by the full Chamber of Deputies.
- Committee vote
- 26 in favor, nine against
- Deduction limit
- Companies with revenue above 50 million pesos would be subject to deduction limits of 96.97% or 99%, depending on their deductions
- Interest deductions
- The adjusted-profit limit would fall from 30% to 20%
- Full chamber vote
- Due this week
What people are saying
Income gives the Federation its spending, and without spending we cannot make a fair distribution.
Sources
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