At the end of May, the contributions of Petróleos Mexicanos (Pemex) to the Tax Administration Service (SAT) had an annual contraction of 43.3 percent. This meant 95,570 million pesos, that is, 61,457 million pesos less than what was recorded in the same period last year.
With these numbers, the participation of the collection to Pemex is located at 5% of the more than 1.7 billion pesos registered as tax revenue in the first five months of 2022, according to preliminary figures from the SAT.
Pemex’s contributions to the treasury have decreased by 6 percentage points in almost two years, since in the second half of 2020 they represented 11% of total contributions in tax revenue, according to data from the Tax Administration Service.
Given this, the main and very likely reason for the contraction in the payment of Pemex contributions is in the fiscal stimulus of the Special Tax on Production and Services (IEPS) on gasoline, as well as the complementary fiscal stimulus, Víctor Gómez explained in an interview. Ayala, professor of economics at the Autonomous Technological Institute of Mexico (ITAM).
Miguel Tavares Sánchez, member of the fiscal technical commission of the Association of Public Accountants of Mexico, agreed that the contraction in contributions is due to the non-payment of the IEPS for the fiscal stimulus and therefore who does not pay it, in principle, is Pemex , as well as the concessionaires to commercialize the hydrocarbon.
Tavares said in an interview that the annual increase of 218% in refunds paid in the IEPS for an amount of 15,057 million pesos, at the end of May, may be due to the phenomenon of fiscal incentives for importing and marketing gasoline.
Since 2020, left the first site
Since 2020, Petróleos Mexicanos has lost first place in terms of tax payments to manufacturing industries. In that period, the State productive company contributed 392,089 million pesos, which represented a decrease of 16.7% per year.
In the “Tax and Management Report for the fourth quarter of 2020” it was explained that, from one year to the next, Pemex’s contribution to tax revenues fell from 14.2% in 2019 to 12% in 2020.
In the 2021 photograph, the panorama was similar given that Pemex contributed 9% of tax revenue with 321,712 million pesos, this meant an annual contraction of 22.4 percent.
Stimuli in 98,800 million pesos
The treasury reported a few days ago that in the fifth month of the year the cost of the two fiscal stimuli totaled 98.883 million pesos. Only the fiscal stimulus to the IEPS added 88,241 million pesos, 4.8 times more than what was not collected in the same period of 2021. For its part, the complementary fiscal stimulus stood at 10,642 million pesos as of May.