IEPS update on tobacco: Impacts on consumption and tax collection in Mexico. Centro de Investigación Económica y Presupuestaria A.C Policy Brief
Publication Source
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Centro de Investigación Económica y Presupuestaria A.C
Policy brief
Metadata
Region
The Americas
Economy status
Upper-middle-income economies
Download Link
Abstract
The 2020 Economic Package includes an Amendment to the Taw Law (SHCP (2019)) that proposes an IEPS Tax Update to tobacco products. Based on CIEP estimations, a tax increase on cigarettes results in reducing sales and collecting more public revenue, which can be used to address health problems caused by tobacco consumption.