Mexican government becomes health conscious, applies tax on 'junk' food

By Admin
As of the beginning of this month, the Tax Administration Service in Mexico will charge 16 percent Added Tax (VAT) on products called “junk food...

As of the beginning of this month, the Tax Administration Service in Mexico will charge 16 percent Added Tax (VAT) on products called “junk food,” issued after the Third Resolution on Amendments to the Fiscal Resolution 2015.

RELATED TOPIC: Teva Pharmaceuticals Mexico: revolutionizing the domestic medicine market

According to our sister publication Business Review America Latina, the tax was reported by lawyer Jorge Alberto Pickett Corona, who explained that he considered prepared foods for consumption on the premises or establishment in which are disposed, those resulting from the combination of products that can be consumed without another process undergo further processing.

RELATED TOPIC: Will Puerto Rico become the next medical tourism hub?

Among the products to be taxed are sandwiches, cakes, lunches, ciabatta, baguettes, paninis or subs, gorditas, quesadillas, tacos, flautas, burritos, croissants, pies, pizzas, casseroles, hot dogs, hot cakes, wings, burgers, sushi, tamales, instant soups and nachos.

Pickett Corona announced that this rule shall apply to the sale of the above products in stores referred to as "convenience stores", "mini super,” "self-service stores" and any establishment that sells to the general public.

RELATED TOPIC: General Mills takes the leap towards becoming a health-conscious food provider

He explained further that the measure was stipulated in the annexes of the Omnibus Tax 1-A, 3, 7, 15, 23 and 25, for the purposes of Article 2-A, section I, final paragraph of the VAT Act.

Let's connect!   

Read the latest edition of Healthcare Global magazine!


Featured Articles

Digital evolution delivers better healthcare outcomes

Hannah Graham, Group Account Director at digital transformation consultancy Equator, shares how digitisation is building positive changes in healthcare

Hyfe AI uses acoustic AI in its digital cough monitoring

Hyfe uses acoustic AI in its digital cough monitoring. Dr. Joe Brew, Co-Founder & CEO of Hyfe AI, tells us more about coughing technology post-COVID-19

Siemens: smart finance to help medical technology growth

Penny Pinnock, Business Development Manager at Siemens Financial Services UK, discusses how adopting digital technology can support the healthcare sector

Healthcare Digital news roundup: prostate cancer & AI

Medical Devices & Pharma

Lexica shares post-COVID-19 digital healthcare trends

Digital Healthcare

Medical devices expanding senior healthcare innovation

Medical Devices & Pharma