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Mexico vs Norway: tax rates compared
Norway's income tax rate is 4.7pp higher than Mexico's (39.7% vs 35%). 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 | MX | NO | Difference |
|---|---|---|---|
| Income Tax | 35% | 39.7% | NO +4.7 pp |
| Corporate Tax | 30% | 22% | MX +8 pp |
| VAT | 16% | 25% | NO +9 pp |
| Capital Gains Tax | 10% | 37.8% | NO +27.8 pplargest gap |
| Wealth Tax | 0% | 1.1% | NO +1.1 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Mexico | 35% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Norway | 39.7% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −4.7 pp | Norway higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Mexico | 30% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Norway | 22% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +8 pp | Mexico higher |
Mexico's corporate tax rate is 8pp higher than Norway's (30% vs 22%). The 201-country average is 22.6%: Mexico sits above it, Norway sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Mexico | 16% | Source: PWC Worldwide Tax Summaries — Mexico (Corporate, Other taxes) · as of 2026-02-24 |
| Norway | 25% | Source: PWC Worldwide Tax Summaries — Norway (Corporate, Other taxes) · as of 2026-06-25 |
| Difference | −9 pp | Norway higher |
Norway's VAT rate is 9pp higher than Mexico's (25% vs 16%). The 181-country average is 15%: both sit above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Mexico | 10% | Source: PwC Worldwide Tax Summaries — Mexico (Individual, Income determination) · as of 2026-01-30 |
| Norway | 37.8% | Source: PwC Worldwide Tax Summaries — Norway (Individual, Income determination) · as of 2026-01-20 |
| Difference | −27.8 pp | Norway higher |
Norway's capital gains tax rate is 27.8pp higher than Mexico's (37.8% vs 10%). The 175-country average is 10.3%: Mexico sits below it, Norway sits above it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Mexico | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-02-24 |
| Norway | 1.1% | Source: Skatteetaten (Norwegian Tax Administration) — Wealth tax rates · as of 2026-01-01 |
| Difference | −1.1 pp | Norway higher |
Norway's wealth tax rate is 1.1pp higher than Mexico's (1.1% vs 0%). The 193-country average is 0.1%: Mexico sits below it, Norway sits above it.
Not covered for both countries yet: Crypto Tax.