Mexico Income Tax rate for 2017, 2018. Capital gain, Corporate TaxMexico Income Tax Rate  for 2017-2018. Personal (Individual) income Tax Rates for Resident and Non Resident. Capital Gain Tax and Corporate / Companies taxes.

 

 

Mexico Individual Income Tax Rate for 2017

Taxable Income (MXN) Tax Rate
0.01 to 5,952.84 1.92%
5,952.85 to 50,524.92 6.40%
50,524.93 to 88,793.04 10.88%
88,793.05 to 103,218.00 16%
103,218.01 to 123,580.20 17.92%
123,580.21 to 249,243.48 21.36%
249,243.49 to 392,841.96 23.52%
392,841.97 to 750,000.00 30.00%
750,000.01 to 1,000,000.00 32.00%
1,000,000.01 to 300,000.00 34.00%
300,000.01 and above 35.00%

 

Tax Rates for Non Residents in Mexico

Taxable Income (MXN) Tax Rate
0 to 125,900 0%
125,900 to 1,000,000 15%
1,000,000 and above 30%

 

Withholding Tax for Non Residents

- 0% to 30% on Mexican source of income, depending on various factors

- A non resident investor can elect to pay either a flat rate of 25% of the gross proceeds or 30% of the net gain

 

Capital Gain Tax in Mexico

- 35% on of the Net Profit OR

- 25% of the gross sales amount without any deductions

 

Corporate / Company Income Tax Rate in Mexico for 2017

Description Tax Rate
Standard income tax rate on corporations 30%

 

The basis of the tax is equal to the recognizable income minus allowable deductions and the previous year’s net operating losses.


The allowable deductions include, among others, returns, discounts, and rebates; cost of goods sold; expenses, net of discounts, bonuses, or returns; depreciation and amortization; bad debts; certain losses; accrued ordinary interest and penalty interest with certain requirements; annual inflationary adjustment; and net operating losses.

 

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