BZ · AmericasMX · Americas
Belize vs Mexico: tax rates compared
Mexico's income tax rate is 10pp higher than Belize's (35% vs 25%). The 200-country average is 28%: Belize sits below it, Mexico sits above it.
Verified data covers five of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | BZ | MX | Difference |
|---|---|---|---|
| Income Tax | 25% | 35% | MX +10 pp |
| Corporate Tax | 0% | 30% | MX +30 pplargest gap |
| VAT | 12.5% | 16% | MX +3.5 pp |
| Capital Gains Tax | 0% | 10% | MX +10 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Belize | 25% | Source: Belize Income and Business Tax (Amendment) Act, 2024 (No. 40 of 2024) · as of 2025-01-01 |
| Mexico | 35% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −10 pp | Mexico higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Belize | 0% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Mexico | 30% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −30 pp | Mexico higher |
Mexico's corporate tax rate is 30pp higher than Belize's (30% vs 0%). The 201-country average is 22.6%: Belize sits below it, Mexico sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Belize | 12.5% | Source: Belize Tax Service — General Sales Tax Act (Chapter 63, Revised Edition 2011) · as of 2011-12-31 |
| Mexico | 16% | Source: PWC Worldwide Tax Summaries — Mexico (Corporate, Other taxes) · as of 2026-02-24 |
| Difference | −3.5 pp | Mexico higher |
Mexico's VAT rate is 3.5pp higher than Belize's (16% vs 12.5%). The 181-country average is 15%: Belize sits below it, Mexico sits above it. Belize's figure is dated 2011-12-31 and Mexico's 2026-02-24, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Belize | 0% | Source: Belize Income and Business Tax Act (Chapter 55, Revised Edition 2020) · as of 2020-12-31 |
| Mexico | 10% | Source: PwC Worldwide Tax Summaries — Mexico (Individual, Income determination) · as of 2026-01-30 |
| Difference | −10 pp | Mexico higher |
Mexico's capital gains tax rate is 10pp higher than Belize's (10% vs 0%). The 175-country average is 10.3%: both sit below it. Belize's figure is dated 2020-12-31 and Mexico's 2026-01-30, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Belize | 0% | Source: Belize Income and Business Tax Act, Chapter 55 (Government of Belize, Attorney General's Ministry) · as of 2026-07-18 |
| Mexico | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-02-24 |
| Difference | 0 pp | displayed rates match |
Belize's wealth tax rate is identical to Mexico's — both sit at 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.