Treasury maintains fiscal stimulus for gasoline and diesel: it’s been 10 weeks

For the tenth consecutive week, the Ministry of Finance and Public Credit (SHCP), maintains fiscal stimulus for petrol and diesel price for mexicoImplementing discounts to help consumers.

Tax authorities by way of applicable exemptions on prices and special tax on services (IEPS), Value Added Tax (VAT)like him Income Tax (ISR),

According to those published by SHCP, during the week of May 14 to 20liters gasoline magnayou will get a discount 100 percent In addition to an additional incentive for importers and refiners in the IEPS tax, through VAT and ISR 4.83 pesos per litre.

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in the matter of premium price will also be in discount 100%, For him Special tax on prices and servicesIn addition to the additional incentive of 4.61 pesos per litre,

in the matter of incentive for diesel100% subsidy will be applicable on IEPS fee, as well as it is set for this week Incentive amount of 5.17 pesos per literAs indicated by the authority of finance secretary via dof

Banksico raises interest rate to 7%

this thursday afternoon, Bank of Mexico (Banxico)announced through their official accounts about the increase in 50 points on interbank interest rateLeaving it at 7 percent.

The Bank shared from Mexico, “With the presence of all its members, the Governing Board of #BancodeMéxico by majority decided to raise the overnight interbank interest rate to an effective level of 7.00% by May 13, 2022.”

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According to official figures, this will be the eighth time in a row that the Bank of Mexico has increased the rate, the fourth time in a row. increase 50 points continuously, The increase was in line with the consensus of analysts, who insist that the monetary authority will face inflationary pressure Recently viewed.