FACTOID # 1: Don't start a company in Australia. More than 20% of the tax collected in Australia is corporate income tax.
 
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North America > Mexico > Taxation

MEXICAN TAXATION STATS:   Top Stats   All Stats  
View this page with:    Just Stats   Sources   Definitions   Both  
Average time to clear customs > days 12 days ... [12th of 39]
Components of taxation > Goods and service tax 1% [1st of 30]
Components of taxation > Personal income tax 12% [12th of 30]
Components of taxation > Social security > Employees contribution 3% [3rd of 30]
Customs and other import duties > % of tax revenue 41 % ... [41st of 82]
Customs and other import duties > current LCU 32861000000 ...
Highest marginal tax rate, corporate rate > % 47 % ... [47th of 108]
Highest marginal tax rate, individual > on income exceeding, US$ 58 $ ... [58th of 93]
Highest marginal tax rate, individual rate > % 58 % ... [58th of 102]
Net taxes on products > constant LCU 141627700000 ...
Net taxes on products > current LCU 870042500000 ...
Net taxes on products > current US$ 9 $ ... [9th of 159]
Other taxes > % of revenue 64 % ... [64th of 91]
Other taxes > current LCU 5878000000 ...
Social contributions > % of revenue 41 % ... [41st of 78]
Social contributions > current LCU 84931000000 ...
Tax payments > number 39 ... [39th of 171]
Tax rates > % of managers surveyed ranking this as a major business constraint 15 % ... [15th of 39]
Total tax wedge > Single worker 29% [29th of 29]
Total tax wedge > Single-income family 25% [25th of 29]

... View all Taxation stats

SOURCES: Average time to clear customs is the number of days to clear an imported good through customs.; Goods and service tax as a percentage of total tax collected by the country. Data is for 2002.; Personal Income tax as a percentage of total tax collected by the country. Data is for 2002.; Tax on employee's contribution of social security as a percentage of total tax collected by the country. Data is for 2002.; Customs and other import duties are all levies collected on goods that are entering the country or services delivered by nonresidents to residents. They include levies imposed for revenue or protection purposes and determined on a specific or ad valorem basis as long as they are restricted to imported goods or services.; Highest marginal tax rate (corporate rate) is the highest rate shown on the schedule of tax rates applied to the taxable income of corporations.; Highest marginal tax rate (individual rate) is the highest rate shown on the schedule of tax rates applied to the taxable income of individuals. This series presents the income levels for individuals above which the highest marginal tax rates levied at the national level apply.; Highest marginal tax rate (individual rate) is the highest rate shown on the schedule of tax rates applied to the taxable income of individuals.; Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in constant local currency.; Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current local currency.; Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current U.S. dollars.; Other taxes include employer payroll or labor taxes, taxes on property, and taxes not allocable to other categories, such as penalties for late payment or nonpayment of taxes.; Social contributions include social security contributions by employees, employers, and self-employed individuals, and other contributions whose source cannot be determined. They also include actual or imputed contributions to social insurance schemes operated by governments.; Tax payments by businesses are the total number of taxes paid by businesses, including electronic filing. The tax is counted as paid once a year even if payments are more frequent.; Tax rates as a major constraint measure the share of senior managers who ranked tax rates as a major or very severe constraint.; The percentage of gross earnings given up in tax, including any social security contributions. Calculated for a single worker without children, earning 100 % of the average wage. Data for 2001, and only for selected OECD countries.; The percentage of gross earnings given up in tax, including any social security contributions. Calculated for a married couple with two children, earning 100% of the average wage. Data for 2001. Selected OECD countries only.

ALTERNATIVE NAMES: Mexico, ma*a(c)xico, United Mexican States, Estados Unidos Mexicanos

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