Tuesday, December 23, 2014

Gasoline Tax for 2015

The Secretariat of Finance and Public Credit (SHCP) published the Special Tax on Production and Services (IEPS) applicable to gasoline, diesel and other fossil fuels for 2015.
Beginning in 2015 increases in the tax on gasoline and diesel will be based on the rise in inflation instead of the nine centavos per month for gasoline and 11 centavos per month for diesel, as has been the case for the past several years.
For 2015 the tax per liter of gasoline will be 10.81 centavos, 13.11 centavos for the liter of diesel and for propane and butane gas 6.15 centavos and 7.97 centavos, respectively.
At the end of 2014 the tax will be 10.38 centavos; 12.59 centavos for the liter of diesel, and for propane and butane gas 5.91 centavos and 7.66 centavos, respectively.
The 2015 prices were determined by dividing the National Consumer Price Index (CPI) in November 2014, which was 115.493 by the CPI for November 2013, which was 110.872, giving 1.0416.
(from RíoDoce)

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