| Corporation Tax on income and gains |
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| Standard rate |
28% |
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| Flat Rate Tax |
17.5%* |
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| *Applies only to the extent that it exceeds ordinary corporation tax liability. Generally calculated on a cash flow basis. |
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| Value Added Tax |
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| Standard rate |
15% |
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| Real Estate Transfer Tax |
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| Levied on a State basis at rates between 2% and 3%. |
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| Withholding Rates (Non-Treaty)* |
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| The Mexican withholding tax rules are complex. Those shown below are the main non-treaty rates, although there are also other specialist categories. Many of the rates can be mitigated partially by double tax agreements. |
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| Dividends |
0% |
| Professional service fees |
25% |
| Property rental income |
25% |
| Sale of Mexican real estate |
25% |
| Interest to foreign banks (tax treaty states) |
4.90% |
| Interest to foreign banks on registered listed loan stock |
10% |
| Other interest payments by Mexican banks |
21% |
| Royalties for use of copyright |
25% |
| Patent royalties |
28% |
| Installation, technical fees |
25% |
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| *Higher rates may apply to residents of tax havens |
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