JM · AmericasMX · Americas
Jamaica vs Mexico: tax rates compared
Mexico has an income tax rate of 35%, 5pp above Jamaica's 30%. The 200-country average is 28%: both sit 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 | JM | MX | Difference |
|---|---|---|---|
| Income Tax | 30% | 35% | MX +5 pp |
| Corporate Tax | 25% | 30% | MX +5 pp |
| VAT | 15% | 16% | MX +1 pp |
| Capital Gains Tax | 0% | 10% | MX +10 pplargest gap |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Jamaica | 30% | Source: PWC Worldwide Tax Summaries — Jamaica (Individual, Taxes on personal income) · as of 2025-12-31 |
| 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 |
|---|---|---|
| Jamaica | 25% | 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 | −5 pp | Mexico higher |
Mexico has a corporate tax rate of 30%, 5pp above Jamaica's 25%. The 201-country average is 22.6%: both sit above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Jamaica | 15% | Source: PWC Worldwide Tax Summaries — Jamaica (Corporate, Other taxes) · as of 2025-12-31 |
| 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 Jamaica's 15%. The 181-country average is 15%: Jamaica matches the world average, Mexico sits above it. Jamaica's figure is dated 2025-12-31 and Mexico's 2026-02-24, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Jamaica | 0% | Source: PWC Worldwide Tax Summaries — Jamaica (Individual, Income determination) · as of 2025-12-31 |
| 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 Jamaica's 0%. The 175-country average is 10.3%: both sit below it. Jamaica's figure is dated 2025-12-31 and Mexico's 2026-01-30, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Jamaica | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2025-12-31 |
| 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 |
Jamaica and Mexico share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it. Jamaica's figure is dated 2025-12-31 and Mexico's 2026-02-24, so the two rates come from different data vintages.
Not covered for both countries yet: Crypto Tax.