Mexico Raises to 33.5% the Global Minimum Tax on Shein, Temu and Other Chinese Platforms
3 Articles
3 Articles
The collection of import taxes by the Mexican government has rebounded this 2025 and is expected to grow at a faster rate thanks to the increase of 19 to 33.5% in the minimum global rate of purchases on platforms such as Shein and Temu. In June, government revenue from import taxes totaled 81,775 million pesos, an annual growth of 33% in real terms, according to data from the Ministry of Finance and Public Credit (SHCP). At the end of 2024, the …
The collection of taxes on imports for purchases in apps has strengthened the revenues of the Ministry of Finance and Public Credit (SHCP), a measure that has left thousands of millions of pesos more than expected during 2025, and that forward can be strengthened with the increase of taxes on these transactions. In the January-June balance sheet, the revenues from these imports totaled 81,775 million pesos, far above the expectation of 71.014 mi…
Mexico City, Mexico.- As of August 15, the Government of Mexico will begin to levy a new tax of 19% on imports by parcel of products with a value of more than 117 dollars from the United States and Canada, reported the Ministry of Finance and Public Credit (SHCP) in a resolution published in the Official Journal of the Federation (DOF). Mexico will apply tax of 19% on imports by parcel of more than 117 dollars from the United States and Canada a…
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