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Mexican Tax Law: Corporate Taxes
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 A Mexican company will be subject to the following taxes during its operation:
A corporate tax assessable at a maximum rate of 35% must be paid annually to the tax authorities on the company's taxable profits. The procedure to calculate such profits is by deducting certain allowed expenses from the total accruable gross income. Most of the company's income is considered accruable for income tax purposes at the time any of the following situations occur: invoices are issued goods are delivered to the buyer or services are rendered when total or partial amounts of the transaction is collected or is payable, including advance payments
Basically, the allowed deductions are all costs and/or expenses strictly necessary to carry out the company’s business. Except for the first year of operations, all Mexican corporations must file their income taxes through monthly provisional payments. These provisional payments will be credited against the annual income tax return. Return to top |
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Taxes in Mexico: Deductions and Other Taxes
Look no further for information on taxes and taxation in Mexico. This page includes a list and description of the most common tax deductions allowed in Mexico. Also explained are tax returns and filing your taxes.
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| Mexican Tax Law: Value Added Tax
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| | Mexican Tax Law: Luxury Tax and STPS
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| | Mexican Tax Law: Payroll Taxes
What payroll taxes are paid by businesses in Mexico? Use this guide to answer your corporate tax questions.
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