Thanks to its large number of trade agreements, Mexico is a favorite destination for companies wishing to expand their business into the Americas at a low cost.
The country’s strategic location bridging North and Latin America, as well as its proximity to some of the largest consumer markets in the world, make Mexico a remarkable option for business expansion.
Expanding into Mexico through employee leasing guarantees a significant reduction in investment risk and costs, as it allows businesses to test their potential in the country before fully committing to expansion. Employee leasing also helps companies be fully compliant with local laws and regulations without putting any effort into administrative procedures. This allows business leaders to focus entirely on their growth strategies.
Employer Contributions | |
Social Security (capped at MXN 166,174 per year) | 26.54% – 33.58% |
Retirement Insurance | 5.15% |
National Housing Fund | 5.00% |
Total | 36.69% – 43.72% |
Employee Contributions | |
Social Security (capped at MXN 23,804 per year) | 1.650% |
Retirement Insurance | 1.125% |
Total | 2.775% |
Employee Income Tax | |
Up to MXN 7,735 yearly | 1.92% |
Between MXN 7,735 and MXN 65,651 | 6.40% |
Between MXN 65,651 and MXN 115,375 | 10.88% |
Between MXN 115,375 and MXN 134,119 | 16.00% |
Between MXN 134,119 and MXN 160,577 | 17.92% |
Between MXN 160,577 and MXN 323,862 | 21.36% |
Between MXN 323,862 and MXN 510,451 | 23.52% |
Between MXN 510,451 and MXN 974,535 | 30.00% |
Between MXN 974,535 and MXN 1,299,380 | 32.00% |
Between MXN 1,299,380 and MXN 3,898,140 | 34.00% |
From MXN 3,898,140 | 35.00% |
Disclaimer: Although we carefully researched and compiled the above information, we do not give any guarantee with respect to the actuality, correctness, and completeness.
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