In the middle of war conflict over Russia’s invasion of Ukrainethere have been increases in oil prices, the federal government shared a decree announcing additional tax incentives for gasoline and diesel, to contain the rise in fuels.
Through a decree published in the Official Gazette of the Federation (DOF), it indicates that a complementary scheme is necessary and important to be able to face the increases in international fuel references and crude oil pricesin addition to considering the exchange rate.
Furthermore, the need to present higher stimuli for the fees of Special Tax on Production and Services (IEPS)applicable to automotive fuels, starting today when this decree comes into force, as well as the application of the IEPS.
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For his part, the head of the Treasury assured that this measure will have an investment, however, he added that the federal government has a csavings cushion to assume the cost of these stimuli.
Gasoline stimulus for this week
Likewise, it is pointed out that during this week from March 5 to 11, the great gasoline, will have a fiscal stimulus of 100 percent of the IEPS, for which it is emphasized that the consumer will not pay even one weight of the tax for this input. In addition, you will have a complementary stimulus of 0.8716 pesos for each liter purchased.
In the case of premium gasolinethe IEPS subsidy will be 97.14 percent, however, in this case there will be no complementary fee, so the user will pay a tax of only 0.13 pesos for each liter of fuel.
On the other hand, the diesel, Also, it will have a tax benefit of 100 percent, with a complementary fee of 0.6001 pesos per liter, according to the information presented by the Ministry of Finance.
States charge more taxes: Treasury
During the 30th Plenary Meeting of the Consultative Council of Citibanamex, the head of the Ministry of Finance and Public Credit (SHCP), Rogelio Ramírez de la O, acknowledged that some entities in Mexico if they have made the tax collectionbecause they are looking for their own resources.
The official pointed out that the federal government has been more rigorous in the advance of the participations in the federal entities, for which the state authorities have begun to seek their own resources through the implementation of these taxes.
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“On the side of the federation we are more rigorous in any advance to the distribution of federal participations so that they are on time, in shape, but we are not giving or allowing advances that do not have a justification, which has led the entities to seek their own income,” the official said.
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