Mexico's tax haul neared a record in the first five months of 2026, yet in real terms it fell, the first such drop for the period in over a decade.

Mexico's tax haul neared a record in the first five months of 2026, yet in real terms it fell, the first such drop for the period in over a decade.

A CIEP study finds just 10 of Mexico’s tax breaks cost about 776 billion pesos in 2026, some 2.1% of GDP, with the zero VAT on food the biggest.