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Mexico vs Thailand
Tax Rate Comparison

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

🇲🇽 Mexico
vs
🇹🇭 Thailand
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
0–35%
Stable structure; digital economy workers taxed
No change

VAT / GST / Sales Tax

VAT / GST / Sales Tax
0–16%
Standard 16% maintained
No change
7%
7% maintained; discussion to restore 10% continues
No change

Corporate Tax Rate

Corporate Tax Rate
30%
30% maintained; Pillar Two discussions
No change
20%
20% stable; Pillar Two compliance for qualifying groups
No change

Capital Gains Tax

Capital Gains Tax
35%
No change
No change
0–35%
Listed shares remain exempt; property gains at income rates
No change

Social Security & Payroll

Social Security / Payroll
~35%
Nearshoring investment affecting payroll dynamics
No change
10%
SSF reforms ongoing; coverage expansion
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.

🇹🇭 Thailand — Municipal & Local Organization Taxes

Thailand's 77 provinces contain various Local Administrative Organizations (LAOs) — municipalities, sub-district organizations (TAO), and special areas (Bangkok, Pattaya). LAOs levy Local Development Tax (LDT) on land at low rates (0.01%–0.5% of assessed value). The Land and Building Tax (LBT) implemented in 2020 applies at 0.01%–3% based on use type. Bangkok has the highest real estate values. The Revenue Department administers national taxes centrally.

⚠️ 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 Thailand: Key Tax Differences (2026)

💰 Income Tax: Mexico and Thailand have similar top income tax rates (1.92–35% vs 0–35%).

🛒 VAT/Sales Tax: Mexico has a higher consumption tax (0–16% vs 7%).

🏢 Corporate Tax: 🇹🇭 Thailand offers a lower corporate rate (20% vs 30%), which can influence business location decisions.

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