Doing Business

Doing Business in Mexico 2015

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217 Doing Business in Mexico 2015 Appendix VII Individual tax rates Calendar year 2014 Annual Tax rates Lower Limit Upper Limit Tax on Lower Limit % Tax on Excess Over Lower Limit Ps Ps Ps % 0.01 5,952.84 0.00 1.92 5,952.85 50,524.92 114.29 6.40 50,524.93 88,793.04 2,966.91 10.88 88,793.05 103,218.00 7,130.48 16.00 103,218.01 123,580.20 9,438.47 17.92 123,580.21 249,243.48 13,087.37 21.36 249,243.49 392,841.96 39,929.05 23.52 392,841.97 750,000.00 73,703.41 30.00 750,000.01 1,000,000.00 180,850.82 32.00 1,000,000.01 3,000,000.00 260,850.81 34.00 3,000,000.01 Above 940,850.81 35.00 Sample computation of annual tax Annual tax Assumptions Nontaxable benefits equal 20% of total remuneration. Computation Annual Gross remuneration Ps 100,300.00 Less—Non taxable benefits (20%) 20,060.00 Taxable remuneration 80,240.00 Lower limit of bracket 50,524.93 Excess over lower limit 29,715.07 Marginal tax (29,715.07 at marginal tax rate of 10.88%) 3,233.00 Tax on lower limit 2,966.91 Net tax liability Ps 6,199.91 VII

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