IM · EuropeMX · Americas
Isle of Man vs Mexico: tax rates compared
Mexico has an income tax rate of 35%, 14pp above Isle of Man's 21%. The 200-country average is 28%: Isle of Man sits below it, Mexico sits above it. Isle of Man's figure is dated 2026-02-06 and Mexico's 2025-01-01, so the two rates come from different data vintages.
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 | IM | MX | Difference |
|---|---|---|---|
| Income Tax | 21% | 35% | MX +14 pp |
| Corporate Tax | 0% | 30% | MX +30 pplargest gap |
| VAT | 20% | 16% | IM +4 pp |
| Capital Gains Tax | 0% | 10% | MX +10 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Isle of Man | 21% | Source: PWC Worldwide Tax Summaries — Isle of Man (Individual, Taxes on personal income) · as of 2026-02-06 |
| Mexico | 35% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −14 pp | Mexico higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Isle of Man | 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 has a corporate tax rate of 30%, 30pp above Isle of Man's 0%. The 201-country average is 22.6%: Isle of Man sits below it, Mexico sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Isle of Man | 20% | Source: PWC Worldwide Tax Summaries — Isle of Man (Corporate, Other taxes) · as of 2026-02-06 |
| Mexico | 16% | Source: PWC Worldwide Tax Summaries — Mexico (Corporate, Other taxes) · as of 2026-02-24 |
| Difference | +4 pp | Isle of Man higher |
Isle of Man has a VAT rate of 20%, 4pp above Mexico's 16%. The 181-country average is 15%: both sit above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Isle of Man | 0% | Source: PWC Worldwide Tax Summaries — Isle of Man (Individual, Income determination) · as of 2026-02-06 |
| 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 Isle of Man's 0%. The 175-country average is 10.3%: both sit below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Isle of Man | 0% | Source: PWC Worldwide Tax Summaries — Isle of Man (Individual, Other taxes) · as of 2026-02-06 |
| 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 |
Isle of Man and Mexico share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.