Mexico Hacienda targets 54k firms with near-zero tax rates, caps deductions for 130bn pesos

Mexico's finance ministry proposes limiting tax deductions for 54,000 companies with effective tax rates near zero, expecting to collect an additional 130 billion pesos in 2027. The measure targets large firms exploiting deductions, potentially impacting corporate earnings and investment. Details on which sectors are affected remain unclear, but the move signals fiscal tightening.