Doing Business

Doing Business in Mexico 2015

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218 Tax and Legal Services - PwC Mexico Appendix VIII Monthly individual withholding tax rates Calendar year 2014 Monthly withholding tax rates Lower Limit Upper Limit Tax on Lower Limit % Tax on Excess Over Lower Limit Ps Ps Ps % 0.01 496.07 0 1.92 496.08 4,210.41 9.52 6.4 4,210.42 7,399.42 247.23 10.88 7,399.43 8,601.50 594.24 16 8,601.51 10,298.35 786.55 17.92 10,298.36 20,770.29 1,090.62 21.36 20,770.30 32,736.83 3,327.42 23.52 32,736.84 62,500.00 6,141.95 30 62,500.01 83,333,33 15,070.90 32 83,333,34 250,000.00 21,737.57 34 250,000,01 An above 78,404.23 35 The above income brackets will be adjusted to reflect the increase in the National Consumer Price Index, once the index has increased more than 10% after the previous adjustment. Salary subsidy A refundable credit that is capped applies to the income used to calculate income tax Taxable Income Monthly Salary Tax Credit Lower Limit Upper Limit Ps Ps Ps 0.01 1,768.96 407.02 1,768.97 2,653.38 406.83 2,653.39 3,472.84 406.62 3,472.85 3,537.87 392.77 3,537.88 4,446.15 382.46 4,446.16 4,717.18 354.23 4,717.19 5,335.42 324.87 5,335.43 6,224.67 294.63 6,224.68 7,113.90 253.54 7,113.91 7,382.33 217.61 7,382.34 And above 0.00 VIII

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