2022 Reduction in the Special Tax on Production and Services on gasoline
In an effort to shield domestic consumers from the effect of the global energy crisis, the Mexican government reduced the rate of the Special Tax on Production and Services paid by gasoline sellers and importers from January to end March 2022.
The rate reduction, which reached 100% of the tax from March for diesel and gasoline, is implemented through a subsidy, financed by oil sale revenues.
This support measure was confirmed and extended within the framework of the Package Against Inflation and Famine the from May 2022 onwards.
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