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Vietnam vs Mexico
Tax Rate Comparison

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

๐Ÿ‡ป๐Ÿ‡ณ Vietnam
vs
๐Ÿ‡ฒ๐Ÿ‡ฝ Mexico
Tax Year:

๐Ÿ’ฐ Personal Income Tax Calculator

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

Enter your annual income above to see your personal tax comparison โ†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
5โ€“35%
Tax reform discussions; personal deduction amounts updating
No change
1.92โ€“35%
Rates stable; fiscal consolidation needed
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
0โ€“10%
10% standard rate restored; no further reduction
No change
0โ€“16%
Standard 16% maintained
No change
Corporate Tax Rate
Corporate Tax Rate
20%
20% standard; Pillar Two implementation for qualifying MNCs
No change
30%
30% maintained; Pillar Two discussions
No change
Capital Gains Tax
Capital Gains Tax
0.1โ€“20%
0.1% securities, 2% property; no change
No change
35%
No change
No change
Social Security & Payroll
Social Security / Payroll
~32%
Social insurance law revision expanding coverage
No change
~35%
Nearshoring investment affecting payroll dynamics
No change
State, Regional & Local Taxes

๐Ÿ‡ป๐Ÿ‡ณ Vietnam โ€” Provincial & Local Taxes

Vietnam's 63 provinces and municipalities have limited independent taxing powers. The General Department of Taxation (GDT) administers national taxes through provincial tax departments. Provinces may levy natural resource taxes (NRT) on extractive industries at 1%โ€“40% of resource value, and certain fees. Land use fees and land lease fees vary by province based on Land Prices Tables set annually by provincial People's Committees. Ho Chi Minh City and Hanoi have the highest land prices.

๐Ÿ‡ฒ๐Ÿ‡ฝ Mexico โ€” State & Municipal Taxes

Mexico's 31 states and Mexico City each have their own regimes. States charge local payroll tax (Impuesto Sobre Nรณmina) at 1%โ€“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.

โš ๏ธ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025โ€“2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

Vietnam vs Mexico: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: Vietnam and Mexico have similar top income tax rates (5โ€“35% vs 1.92โ€“35%).

๐Ÿ›’ VAT/Sales Tax: Mexico has a higher consumption tax (0โ€“10% vs 0โ€“16%).

๐Ÿข Corporate Tax: ๐Ÿ‡ป๐Ÿ‡ณ Vietnam offers a lower corporate rate (20% vs 30%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡ป๐Ÿ‡ณ Vietnam taxes investment gains at a lower rate (20% vs 35%), benefiting investors.

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