Income Tax in 🇲🇽 Mexico

Tax brackets, effective rates, and net income calculations. Data from official government sources.

Taxation in Mexico, with a score of 49/100, requires careful financial planning. The corporate tax rate is 30%, and VAT is 16%. Individual income tax brackets range from 2% for lower earners up to 30% for those earning over $590,796 USD annually, and social contributions are notably high at 277.5%, which can significantly impact net income for foreign workers subject to local payroll.