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.
Tax Overview
Top Rate
35.0%
VAT
16%
Capital Gains
10%
Fiscal Year
2025
Income Tax Brackets
Tax at Different Salary Levels
$50,000 USD equivalent
Gross: MX$1,020,408
Net: MX$762,825
Effective: 25.2%
$75,000 USD equivalent
Gross: MX$1,530,612
Net: MX$1,102,451
Effective: 28.0%
$150,000 USD equivalent
Gross: MX$3,061,224
Net: MX$2,108,727
Effective: 31.1%
Social Contributions (Employee)
Data last updated: · Sources: Official tax brackets and social contributions from Mexico fiscal authority. See methodology.