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Mexico vs Cuba
Tax Rate Comparison

Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.

🇲🇽 Mexico
vs
🇨🇺 Cuba
Tax Year:

💰 Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country — side by side.

Enter your annual income above to see your personal tax comparison →

Individual Income Tax (Top Marginal Rate)

Top Income Tax Rate
1.92–35%
Rates stable; fiscal consolidation needed
No change
15–50%
Economic crisis continuing; tax system highly distorted
No change

VAT / GST / Sales Tax

VAT / GST / Sales Tax
0–16%
Standard 16% maintained
No change
0%
No formal VAT; selective taxes maintained
No change

Corporate Tax Rate

Corporate Tax Rate
30%
30% maintained; Pillar Two discussions
No change
35%
35%; private sector growing despite restrictions
No change

Capital Gains Tax

Capital Gains Tax
35%
No change
No change
35%
35% nominal
No change

Social Security & Payroll

Social Security / Payroll
~35%
Nearshoring investment affecting payroll dynamics
No change
~14%
Severe pension system stress; currency instability
No change
State, Regional & Local Taxes

🇲🇽 Mexico — State & Municipal Taxes

Mexico's 31 states and Mexico City each have their own regimes. States charge local payroll tax (Impuesto Sobre Nómina) at 1%–4% (employer-paid). Municipal property tax (predial) rates vary significantly. Some states have lodging and entertainment levies. The Maquila sector benefits from special IMMEX programs. Nearshoring boom is driving new investment.

🇨🇺 Cuba — Provincial & Municipal Taxes

Cuba's 15 provinces and the special municipality of Isla de la Juventud have limited independent taxing powers under the centrally planned socialist system. The ONAT (Oficina Nacional de Administración Tributaria) administers national taxes, while provincial and municipal governments collect local fees for services. Cuba underwent significant economic reform since 2010 — allowing self-employment (cuentapropistas) and private business (MIPYMES from 2021). Currency unification (2021) significantly restructured the fiscal landscape. The US embargo continues to severely distort the economy.

⚠️ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025–2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

Mexico vs Cuba: Key Tax Differences (2026)

💰 Income Tax: 🇨🇺 Cuba has a higher top income tax rate (1.92–35% vs 15–50%). 🇲🇽 Mexico is more favourable for high earners.

🛒 VAT/Sales Tax: Mexico has a higher consumption tax (0–16% vs 0%).

🏢 Corporate Tax: 🇲🇽 Mexico offers a lower corporate rate (30% vs 35%), which can influence business location decisions.

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