Doing Business

Doing Business in Mexico 2015

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222 Tax and Legal Services - PwC Mexico X Appendix X Individual income tax calculation Calendar year 2014 Assumptions The following assumptions are made in the tax computation below. The individual is a tax resident alien who earns salary and other personal income. Mx Pesos Salary, allowances and bonus 1,000,000 Certain fringe benefits 100,000 Investment income from abroad, on which a foreign tax of 30% (Ps 16,500) was paid to the foreign country on a non-resident basis 55,000 Long-term capital gains on sales of shares in Mexican stock market 30,000 Total income 1,185,000 Allowable deductions comprise the following: Medical expenses 30,000.00 Charitable contributions 15,000.00 45,000.00

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