Less smuggling, more import tax collection: The goals of Mexico's biggest customs reform in decades

Less smuggling, more import tax collection: The goals of Mexico's biggest customs reform in decades

The Mexican government anticipates that it will collect an additional 3.49 billion pesos (US $190.2 million) in revenue in 2026 due to the modernization of information and control systems in customs, an initiative that also seeks to reduce the entry of contraband and tax evasion at Mexico’s land and sea ports. The plan to increase tax collection through the upgrade of customs systems was outlined in the government’s proposed 2026 budget. It is a…