Direct and indirect taxes

Taxes in Mexico, including income tax and value-added tax (VAT), are imposed at both the national (or federal) level and at the state level, with tax rates differing among the country's 31 states.

Foreign workers can expect income tax rates between 1.92% and 35%, depending on their salary. You are advised to check with your employer before signing an employment contract to find out how much tax you will have to pay. In Mexico, value added tax (impuesto al valor agregado, IVA) is set at 16%. 

Double taxation

The double taxation agreement between Switzerland and Mexico entered into force on 23 December 2010. Detailed information on this topic is available from the State Secretariat for International Financial Matters (SIF) in Bern. 

Exchange of information

Switzerland has been applying the automatic exchange of financial account information (AEOI) with 76 partner states, including Mexico, since 1 January 2018. This means that financial institutions that are subject to reporting requirements in Mexico and Switzerland have been collecting information on financial accounts of individuals and legal entities resident for tax purposes in the other state since 1 January 2018. On the Swiss side, the Federal Tax Administration (FTA) has been transmitting this information automatically on an annual basis to Mexico since 2019, with the Mexican tax authorities providing equivalent information to the FTA.


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