Worldwide Tax Guide 2015 – Key Tax Points

BASIC FACTS

Full name: United Mexican States

Population: 117.5 million (2013 PRB)

Capital: Mexico City

Area: 1.96 million sq km (758,449 sq miles)

Major language: Spanish

Major religion: Christianity

Monetary unit: 1 peso = 100 centavos

Internet domain: .mx

International dialling code: +52

SHCP website: www.shcp.gob.mx

KEY TAX POINTS

• All income obtained by companies resident in Mexico is taxed, regardless of the source.
• Every state in Mexico requires specific contributions from its inhabitants, the largest being property tax. In some states employers are charged tax on wages paid to employees.
• Assets tax is charged on the value of a taxpayer's assets.