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Mexico vs Guyana
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‡¬πŸ‡Ύ Guyana
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
28–40%
40% top; oil revenue transforming economy
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
0–16%
Standard 16% maintained
No change
14%
14% maintained
No change
Corporate Tax Rate
Corporate Tax Rate
30%
30% maintained; Pillar Two discussions
No change
25–40%
25% non-oil; oil sector revenues dominant
No change
Capital Gains Tax
Capital Gains Tax
35%
No change
No change
20%
20% CGT
No change
Social Security & Payroll
Social Security / Payroll
~35%
Nearshoring investment affecting payroll dynamics
No change
~14%
NIS reform; oil wealth funding social expansion
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‡¬πŸ‡Ύ Guyana β€” Regional & Municipal Taxes

Guyana's 10 administrative regions and municipalities levy property rates, market fees, and trade licences. Guyana has experienced a dramatic economic transformation since major offshore oil discoveries (Stabroek Block) began production in 2019. GDP growth rates have been among the world's highest (60%+ in 2022). The Natural Resource Fund manages oil revenues for long-term savings. A long-running border dispute with Venezuela over Essequibo affects regional stability but has not stopped oil development.

⚠️ 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 Guyana: Key Tax Differences (2026)

πŸ’° Income Tax: πŸ‡¬πŸ‡Ύ Guyana has a higher top income tax rate (1.92–35% vs 28–40%). πŸ‡²πŸ‡½ Mexico is more favourable for high earners.

πŸ›’ VAT/Sales Tax: Mexico has a higher consumption tax (0–16% vs 14%).

🏒 Corporate Tax: πŸ‡²πŸ‡½ Mexico offers a lower corporate rate (30% vs 40%), which can influence business location decisions.

πŸ“ˆ Capital Gains: πŸ‡¬πŸ‡Ύ Guyana taxes investment gains at a lower rate (20% vs 35%), benefiting investors.

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