Doing Business

Doing Business in Mexico 2015

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219 Doing Business in Mexico 2015 Sample computation of monthly net withholding tax Assumptions Nontaxable benefits equal 20% of total remuneration. Computation Monthly Gross remuneration Ps 78,000.00 Less—Nontaxable benefits (20%) 15,600.00 Taxable remuneration 62,400.00 Lower limit of bracket 32,736.84 Excess over lower limit 29,663.16 Marginal tax (29,663.16 at marginal tax rate of 30%) 8,898.95 Tax on lower limit 6,141.95 Tax liability Ps 15,040.90 VIII

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