#Mexico #Mexico City #Financial Services #Grupo Elektra #Tax Agreement

Grupo Elektra Finalizes Tax Settlement

Grupo Elektra, S.A.B. de C.V., recognized as the premier specialty retailer and financial services provider in Latin America, recently announced its pivotal agreement with the tax authority, effectively concluding prolonged disputes with the Mexican government. This decision marks an important milestone for the company and reinforces its commitment to regulatory compliance and fiscal responsibility.

On January 30, 2026, Grupo Elektra disclosed that it has reached a comprehensive agreement to settle its tax obligations, which amount to approximately Ps. 25,000 million. This massive financial undertaking will be executed in two phases. Initially, the company made a cash disbursement of roughly Ps. 6,500 million to the Treasury of the Federation, already paid as of yesterday. The remainder, approximately Ps. 18,500 million, will be settled through 18 monthly installments, ensuring a structured approach to clearing these fines and liabilities.

The arrangement not only highlights Grupo Elektra’s dedication to resolving its financial obligations but also demonstrates the organization's strategic approach to navigating complex regulatory challenges. For years, the company had been embroiled in various disputes with tax authorities, leading to uncertainties that could have impacted its operations. Now, with this resolution, Grupo Elektra is poised to focus on its core business activities without the burden of unresolved tax issues hanging over its head.

Founded by the visionary entrepreneur, Ricardo B. Salinas, Grupo Elektra has established a significant presence across several countries, including Mexico, the United States, Guatemala, Honduras, and Panama. It operates over 6,000 locations, making it the largest non-bank provider of cash advance services in the United States. This vast infrastructure forms a key part of the company's business model, offering both financing and retail solutions to a broad customer base.

Elektra’s decision to settle these tax liabilities is expected to enhance its reputation among investors and stakeholders, fostering greater trust as it moves forward. The company functions within a larger umbrella of Grupo Salinas, a network of dynamic and rapidly growing enterprises focused on enhancing economic, social, and environmental value. This family of companies operates independently but shares a common vision, striving for innovation and sustainability in the markets they serve.

This financial accord also means that Grupo Elektra can reallocate resources and direct them towards enhancing service offerings, expanding its reach, and further improving customer experiences. The substantial payment made to begin this settlement underscores the company's strong liquidity position, showcasing its ability to manage large financial commitments effectively.

As Grupo Elektra embarks on this new chapter, it aims to maintain and strengthen rapport with the government while ensuring compliance with all future tax obligations. The company reaffirms its dedication to community well-being and operating its business responsibly, minimizing any adverse effects on the environment. Additionally, stakeholders can look forward to an even more resilient corporate governance structure as the company innovates and adapts to changing market dynamics.

In conclusion, the completion of this agreement not only clears the slate of past tax liabilities for Grupo Elektra but also positions the organization for a brighter, more sustainable future. With its rich legacy and proactive leadership, Grupo Elektra is well-equipped to continue its journey towards becoming a household name in both retail and finance across Latin America.