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Mexico vs Turkey
Tax Rate Comparison

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

πŸ‡²πŸ‡½ Mexico
vs
πŸ‡ΉπŸ‡· Turkey
Tax Year:

πŸ’° Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country β€” side by side.

Enter your annual income above to see your personal tax comparison β†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
1.92–35%
Rates stable; fiscal consolidation needed
No change
15–40%
Brackets indexed to PPI; real rates declining with inflation
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
0–16%
Standard 16% maintained
No change
1–20%
VAT structure maintained; potential rationalization
No change
Corporate Tax Rate
Corporate Tax Rate
30%
30% maintained; Pillar Two discussions
No change
25%
25% stable; capital markets development incentives
No change
Capital Gains Tax
Capital Gains Tax
35%
No change
No change
0–40%
Inflation-adjusted gains; listed shares remain exempt
No change
Social Security & Payroll
Social Security / Payroll
~35%
Nearshoring investment affecting payroll dynamics
No change
~37.5%
SGK contribution structure maintained; frequent minimum wage hikes
No change
State, Regional & Local Taxes

πŸ‡²πŸ‡½ Mexico β€” State & Municipal Taxes

Mexico's 31 states and Mexico City each have their own regimes. States charge local payroll tax (Impuesto Sobre NΓ³mina) 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.

πŸ‡ΉπŸ‡· Turkey β€” Municipal & Special Provincial Taxes

Turkey's 81 provinces and 1,389 municipalities levy Real Estate Tax (Emlak Vergisi) at 0.1%–0.6% of assessed value (doubled in metro areas). Municipalities levy Environmental Cleansing Tax (Γ§evre temizlik vergisi) and Advertisement Tax. The Communication Tax and BSMV (banking and insurance transactions tax) are national. Municipalities receive shares of central tax revenues. High inflation has significantly eroded real tax burden but required frequent bracket adjustments.

⚠️ 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 Turkey: Key Tax Differences (2026)

πŸ’° Income Tax: πŸ‡ΉπŸ‡· Turkey has a higher top income tax rate (1.92–35% vs 15–40%). πŸ‡²πŸ‡½ Mexico is more favourable for high earners.

πŸ›’ VAT/Sales Tax: Turkey has a higher consumption tax (0–16% vs 1–20%).

🏒 Corporate Tax: πŸ‡ΉπŸ‡· Turkey offers a lower corporate rate (25% vs 30%), which can influence business location decisions.

πŸ“ˆ Capital Gains: πŸ‡²πŸ‡½ Mexico taxes investment gains at a lower rate (35% vs 40%), benefiting investors.

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