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IEPS update on tobacco: Impacts on consumption and tax collection in Mexico. Centro de Investigación Económica y Presupuestaria A.C Policy Brief

Publication Source

Centro de Investigación Económica y Presupuestaria A.C 2020

Publication Title

Centro de Investigación Económica y Presupuestaria A.C

Publication Type

Policy brief

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Metadata

Region

The Americas

Economy status

Upper-middle-income economies

Tags Upper-middle-income economies, Mexico, Policy brief, The Americas

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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.