From January to October of this year, the agency reported that the VAT left income to the public treasury for 943,054 million pesos.
The collection obtained by the government of Mexico for the payment of the Value Added Tax (VAT) presented, from January to October of this year, its highest growth in seven years, according to data released by the Ministry of Finance and Public Credit (SHCP).
The Report on Public Finances and Public Debt reported that VAT – a tax that is related to consumption – left income to the public treasury for 943,054 million pesos , which meant an increase of 11.5% compared to the same period of the year last year.
Source
