Mexico: government identifies 54,000 tax evading companies and 129,000 with declared losses

The Mexican government has identified 54,000 companies that have not paid income tax for five years and another 129,000 that have declared losses in the last three financial years. During President Claudia Sheinbaum's conference, the tax authority illustrated the new measures of the 2027 Economic Package to limit deductions and combat tax evasion.

“This means that there are companies that, although they record an increase in revenue, present losses in their annual declarations for several consecutive years and have no real justification,” explained tax chief Antonio Martínez Dagnino. Companies that pay less tax use allegedly false invoices for up to 10% of their expenses. In recent years, government investigations have led to the blocking of over 38,000 fictitious entities.

The new budget law proposes total resources of around 531 billion dollars, aiming to raise 310 billion through tax revenue. The regulatory changes will establish stricter control mechanisms to prevent tax loss abuse by companies with revenues exceeding $2.5 million.