Mexico endures sober start to 2014 as new taxes, SAT crackdown kicks in
- Details
- Published on Friday, 03 January 2014 13:54
- Written by GR Staff
The good news is that if you live in Colordao, you may – if it’s your bag – set aside your beginning-of-year blues with a few spliffs of legal weed.
No such joy for those of us south of the border, who on January 1 woke up to a slew of new taxes, with the eight-percent hike on high-calorific foods – pan dulce (sweet bread), chips, soda, etcetera – garnering the most attention.
In addition, motorists found themselves hit with a one-time, “larger than average” hike of 19 centavos for Magna gas, 21 for Premium and 24 for diesel. Regular monthly hikes will kick in from February 1.
Electricity and natural (LP) gas will cost more, even though the federal government promised that recent energy reforms would result in lower power costs.
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