The Income tax rates and personal allowances in Mexico are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Mexican Tax Calculator 2023.
Mexico Residents Income Tax Tables in 2023: Income Tax Rates and Thresholds (Annual) | Tax Rate | Taxable Income Threshold |
|---|
| 1.92% | Income from ₱ 0 | to | ₱ 7,735 |
| 6.4% | Income from ₱ 7,736 | to | ₱ 65,651.07 |
| 10.88% | Income from ₱ 65,652.07 | to | ₱ 115,375.90 |
| 16% | Income from ₱ 115,376.90 | to | ₱ 134,119.41 |
| 17.92% | Income from ₱ 134,120.41 | to | ₱ 160,577.65 |
| 21.36% | Income from ₱ 160,578.65 | to | ₱ 323,862 |
| 23.52% | Income from ₱ 323,863 | to | ₱ 510,451 |
| 30% | Income from ₱ 510,452 | to | ₱ 974,535.03 |
| 32% | Income from ₱ 974,536.03 | to | ₱ 1,299,380.04 |
| 34% | Income from ₱ 1,299,381.04 | to | ₱ 3,898,140.12 |
| 35% | Income from ₱ 3,898,141.12 | | and above |
Mexico Non-Residents Income Tax Tables in 2023: Income Tax Rates and Thresholds (Annual) | Tax Rate | Taxable Income Threshold |
|---|
| 0% | Income from ₱ 0 | to | ₱ 7,735 |
| 15% | Income from ₱ 125,901 | to | ₱ 1,000,000 |
| 30% | Income from ₱ 1,000,001 | | and above |
Mexico Income Tax Tables in 2023: Personal Exemption Allowances | Personal exemption for Residents | ₱ 0 |
| Personal exemption for Non-Residents | ₱ 0 |
Mexico Income Tax Tables in 2023: Dependents Allowances | Dependents Allowance for Residents | ₱ 0 |
| Dependents Allowance for Non-Residents | ₱ 0 |
Mexico Income Tax Tables in 2023: Miscellaneous Rates | Employee Social Security Contribution Rate | 1.65% |
| Employer Social Security Contribution Rate | 7.58% |
| Education Expenses Capp Rate | 15% |
| Pension Capp Rate | 15% |
| Medical Expenses Capp Rate | 15% |
| Charity Donations Capp Rate | 7% |
| Funeral Expenses Capp Rate | 15% |
Choose a specific income tax year to see the Mexico income tax rates and personal allowances used in the associated income tax calculator for the same tax year.