Anticipating or determining increases in insurance costs derived from the fact that VAT can no longer be credited in claims payments is still premature, the insurance industry noted.
The Mexican Association of Insurance Institutions (AMIS) indicated in a statement that although the 2026 Income Law has already been published, as well as the corresponding Fiscal Miscellany, in the insurance sector the products, coverage, payment method and conditions vary between companies, branches and profiles of insured, so it is not appropriate to make generalized estimates.
Read: Economic Package 2026 evidences the need for tax reform: experts
“AMIS reminds that it is up to each insurer to analyze, in accordance with its own technical and operating models, the possible adjustments that may arise, in accordance with current regulations and the specific characteristics of its products,” it stated.
The organization invited insured persons to consult their particular situation with their agent or company, in order to have clear and timely information.
Newspaper versions indicate that starting this year insurance may become at least 20% more expensive due to the tax change that prevents insurers from crediting VAT on certain expenses before the SAT.
Insurers could credit the tax they paid when they covered medical expenses, repairs or compensation.
