Mexico, the country that most applies the IEPS with various rates on alcoholic beverages

Mexico is in fifth place on a list of 50 countries with the highest tax rates applicable to alcoholic beverages. Because of this, representatives of more than 3,790 craft beer producing companies in the country have asked the Congress of the Union for a fiscal stimulus that consists of reducing the current rate of the Special Tax on Production and Services (IEPS) of 26.5%. Craft breweries do not compete on equal terms, since the high IEPS increases the final price to the public and puts them at a disadvantage compared to large industrial brewing companies. In Mexico, the IEPS on alcoholic beverages varies according to the alcohol content. Beverages with up to 14 degrees of alcohol pay 26.5%, those with between 14 and 20 degrees pay 30%, and those with more than 20 degrees pay 53%. READ: Can the SAT fine you if you participate in batches during December? This high tax rate makes it difficult to export craft beer to countries like the United States. As a result, more and more people ...