Mexico.- 2026 Economic Package: New taxes and adjustments to the Special Tax on Production and Services (IEPS) will increase costs for consumers

 


The 2026 Economic Package presented by the Ministry of Finance and Public Credit (SHCP) foresees increased tax burdens for taxpayers and an increase in consumer prices, primarily due to the adjustment of various installments of the Special Tax on Production and Services (IEPS).

According to the document submitted to Congress, the federal government justifies these modifications as part of a policy to adjust tax burdens in line with inflation and promote healthier consumption habits. However, analysts and opposition legislators warn that this is, in reality, a covert tax collection strategy that will directly impact the pockets of Mexican families.

Among the most significant measures is the adjustment to the IEPS (Excise Tax on Sugary Drinks), whose tax will rise to 1.5 pesos per liter, following negotiations with the soft drink industry. The Treasury estimates that this update could raise final prices by up to 10%, depending on the type of product and the distribution chain.

The new scheme also includes additional taxes on emerging products, such as nicotine pouches and sweetened beverages, and for the first time includes a tax on video games with violent content, arguing that these products negatively impact the health and development of young people.

While the government maintains that the adjustments seek to strengthen revenue collection without creating new taxes, the opposition points out that the measures will increase pressure on compliant taxpayers and reduce household purchasing power. In practice, they warn, Mexicans will end up paying more for the same products and services.

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