GD · AmericasMX · Americas
Grenada vs Mexico: tax rates compared
Mexico has an income tax rate of 35%, 5pp above Grenada's 30%. The 200-country average is 28%: both sit above it. Grenada's figure is dated 2026-07-20 and Mexico's 2025-01-01, so the two rates come from different data vintages.
Verified data covers four of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | GD | MX | Difference |
|---|---|---|---|
| Income Tax | 30% | 35% | MX +5 pp |
| Corporate Tax | 28% | 30% | MX +2 pp |
| VAT | 15% | 16% | MX +1 pp |
| Capital Gains Tax | 0% | 10% | MX +10 pplargest gap |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Grenada | 30% | Source: Grenada Ministry of Finance — All you need to know about Personal Income Tax · as of 2026-07-20 |
| Mexico | 35% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −5 pp | Mexico higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Grenada | 28% | 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 | −2 pp | Mexico higher |
Mexico has a corporate tax rate of 30%, 2pp above Grenada's 28%. The 201-country average is 22.6%: both sit above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Grenada | 15% | Source: Grenada Ministry of Finance — VAT and the Consumer · as of 2010-02-01 |
| Mexico | 16% | Source: PWC Worldwide Tax Summaries — Mexico (Corporate, Other taxes) · as of 2026-02-24 |
| Difference | −1 pp | Mexico higher |
Mexico has a VAT rate of 16%, 1pp above Grenada's 15%. The 181-country average is 15%: Grenada matches the world average, Mexico sits above it. Grenada's figure is dated 2010-02-01 and Mexico's 2026-02-24, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Grenada | 0% | Source: Grenada Inland Revenue Division — Income Tax · as of 2026-07-19 |
| Mexico | 10% | Source: PwC Worldwide Tax Summaries — Mexico (Individual, Income determination) · as of 2026-01-30 |
| Difference | −10 pp | Mexico higher |
Mexico has a capital gains tax rate of 10%, 10pp above Grenada's 0%. The 175-country average is 10.3%: both sit below it.
Not covered for both countries yet: Crypto Tax, Wealth Tax.