Business · Companies · 5 hrs ago
Soriana warns proposed tax rules could hit Mexico's retail sector
Soriana warned that Mexico's tax changes could significantly affect retailers because they often sell large volumes for small profits.
The company is discussing the effects with the government, but it says the final impact is not yet known.
The changes restrict some business tax deductions and limit how much of past losses companies can use to reduce taxable profits.
They apply to companies earning more than 50 million pesos a year.
Both houses of Mexico's Congress have approved the reform, which aims to prevent companies from reducing their tax bills through deductions.
The rules are scheduled to take effect in 2027, after publication in the country's official gazette.
Soriana warned that proposed Mexican tax changes could significantly affect retailers because they have high sales volumes but low profit margins.
Finance director Rodrigo Benet Córdova said the company is discussing the changes with the government and does not yet know the final impact.
The proposed rules restrict some tax deductions for companies with annual revenue above 50 million pesos and limit the use of past tax losses.
The changes are intended to prevent companies from reducing their tax payments through deductions and are due to take effect in 2027.
By November 3, 2026, both chambers of Congress had approved the reform, which was awaiting publication in the official gazette.
- Who
- Organización Soriana and other retailers. Finance director Rodrigo Benet Córdova described the company’s concerns.
- What
- Soriana warned that proposed tax rules could significantly affect retailers with high sales volumes and low profit margins.
- When
- The report was published on November 5, 2026. The changes are due to take effect in 2027.
- Where
- Mexico.
- Why
- The rules change limits on tax deductions and on using losses from earlier years to reduce profits.
Soriana and affected retailers
Mexican government
Potential impact
Soriana and affected retailers
The changes could significantly affect retailers because they operate with high sales volumes and low profit margins.
Mexican government
The reform seeks to prevent companies from reducing their tax payments through deductions.
The reform had been approved by the Chamber of Deputies and the Senate and was awaiting publication in the official gazette.
The tax changes are due to take effect.
- Annual revenue threshold
- More than 50 million pesos
- Deduction limit
- Up to 99% of expenses when they represent up to 96.67% of revenue
- Losses from previous years
- Can be used to reduce up to 50% of profits
- Effective date
- 2027
- Congressional status
- Approved by both chambers by November 3, 2026; awaiting publication in the official gazette
1 source
What people are saying
We are in very active conversations with the government so that we understand the impact this could have. We still do not have the final number, but it will be important. We are very, very concerned.
I think this concern is not just for Soriana, it is for the whole sector.