The Secretariat of Finance and Public Credit (SHCP) recently released statistics about Mexico’s non-oil tax revenues. According to the statistics non-oil tax revenue reached MXN1.65 trillion in the time period of January to November of 2014 from the same period in 2013 and value-added tax revenue raised by 15.6 % and the personal income tax (ISR) revenue raised by 4.8% from the same period of the previous year.
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