Doing Business

Doing Business in Mexico 2015

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224 Tax and Legal Services - PwC Mexico Appendix XI Social security contributions and benefits Contributions Percentage of wages Employee Employer % % Sickness, maternity: Benefits in kind: Fixed quota (3) - 20.40 (1) Additional quota (3) 0.40 1.10 (2 ) Benefits in cash (3) 0.25 0.70 Benefits in kind for retired personnel (3) 0.375 1.05 Life and disability (3) 0.625 1.75 Retirement Savings Account (3) - 2 Old age (3) 1.125 3.150 Day-care centers and social benefits (3) - 1 Occupational risks (3) - ( 4 ) Housing Fund (3) - 5.00 Notes: 1. Multiplied by one minimum wage for Mexico City, regardless of the salary in question. 2. Applicable to the excess over three minimum wages for Mexico City. 3. Of the employee wage for social security purposes. 4. The percentage of the premium, which ranges from 0.50% to 15%, depends on the principal activity of the employer and its annual occupational risks. Wage ceiling The wage ceiling for purposes of applying the above percentages will be an amount equal to the Mexico City minimum wage for the period of employment, multiplied by 25. The maximum annual social security contributions, using a minimum daily wage salary of Ps 57.46 and 2.5984% as occupational risk rate would be Ps 8,580.29 for the employer. XI

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