Correction. For taxable in Mexico income (private pensions, withdraws from IRAs, etc.) refer to this chart: So as you can the entire amount of the income isn't taxed. It's the basic as shown plus the rate for overage. Also for US people you can credit the Mexican tax paid on your US return. ax Bracket OverviewTaxable Income (MXN) Basic Tax (MXN) Tax on Excess (%) 0.01 - 10,135.11 0 1.92 10,135.12 - 20,000 194.00 6.40 20,000.01 - 35,000 1,194.00 10.88 35,000.01 - 50,000 2,194.00 16.00 50,000.01 - 75,000 3,694.00 17.92 75,000.01 - 100,000 5,194.00 21.36 100,000.01 - 150,000 7,194.00 23.52 150,000.01 - 200,000 10,194.00 30.00 200,000.01 - 1,000,000 15,194.00 32.00 1,000,000.01 - 5,107,703.93 30,194.00 34.00 Above 5,107,703.93 1,601,862.46 35.00
Create an account or sign in to comment