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Foreign trade: the new inspection strategies of the SHCP

Foreign trade is among the priorities in the new control strategies of the Ministry of Finance and Public Credit (SHCP).

Tax collection is the primary source of funding for the federal government.

For this, according to the SHCP, work must be done to achieve efficient collection and eradicate the practices through which some taxpayers avoid or reduce their payment of taxes, so that each taxpayer pays the corresponding taxes.

It also seeks to integrate the fight against corruption “with the objective of zero impunity.”

To achieve these objectives, since 2020, the Tax Administration Service (SAT) has been working to consolidate the ABC: Increase tax collection efficiency, Lower tax evasion and avoidance, and Combat corruption.

In this sense, in 2020, a work program focused on increasing collection efficiency and collection was implemented without the need for judicialization.

According to the SHCP, the program has required coordinated work between the various areas of the SAT.

In the first semester of 2020, through this program 177,800 million pesos were collected, which consider various actions of large taxpayers, inspection, foreign trade, portfolio recovery and actions to monitor compliance with obligations.

Although amounts that did not enter in cash are also considered, a total of 269.5 billion pesos was collected, which is equivalent to 2.4% of the semiannual GDP.

Foreign trade

Mexico registered a new record in July in the surplus of its balance of international trade of products, of 5,799 million dollars, as a result of a recovery in the decline of its exports and a fall greater than that of June in its imports, at rates year-on-year.

As part of this foreign trade, Mexican exports showed a decrease of 8.9% in July, which implied an improvement compared to the falls of the previous months: April (-40.9%), May (-56.7%) and June (- 12.8 percent).

Collection efficiency and collection without the need for judicialization, January-June 2020

Also as part of foreign trade, total imports showed a decline of 26.1% in July, at an annual rate, this indicator accumulating 14 consecutive falls, also in double digits in the previous three months: April (-30.5%), May (- 47.1%) and June (-22.2 percent).

 

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