MX · AmericasPY · Americas
Mexico vs Paraguay: tax rates compared
Between the two, Mexico's income tax rate (35%) tops Paraguay's (10%) by 25pp. The 200-country average is 28%: Mexico sits above it, Paraguay sits below it. Mexico's figure is dated 2025-01-01 and Paraguay's 2026-02-07, 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 | MX | PY | Difference |
|---|---|---|---|
| Income Tax | 35% | 10% | MX +25 pplargest gap |
| Corporate Tax | 30% | 10% | MX +20 pp |
| VAT | 16% | 10% | MX +6 pp |
| Capital Gains Tax | 10% | 8% | MX +2 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Mexico | 35% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Paraguay | 10% | Source: PWC Worldwide Tax Summaries — Paraguay (Individual, Taxes on personal income) · as of 2026-02-07 |
| Difference | +25 pp | Mexico higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Mexico | 30% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Paraguay | 10% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +20 pp | Mexico higher |
Between the two, Mexico's corporate tax rate (30%) tops Paraguay's (10%) by 20pp. The 201-country average is 22.6%: Mexico sits above it, Paraguay sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Mexico | 16% | Source: PWC Worldwide Tax Summaries — Mexico (Corporate, Other taxes) · as of 2026-02-24 |
| Paraguay | 10% | Source: PWC Worldwide Tax Summaries — Paraguay (Corporate, Other taxes) · as of 2026-02-07 |
| Difference | +6 pp | Mexico higher |
Between the two, Mexico's VAT rate (16%) tops Paraguay's (10%) by 6pp. The 181-country average is 15%: Mexico sits above it, Paraguay sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Mexico | 10% | Source: PwC Worldwide Tax Summaries — Mexico (Individual, Income determination) · as of 2026-01-30 |
| Paraguay | 8% | Source: PWC Worldwide Tax Summaries — Paraguay (Individual, Taxes on personal income) · as of 2026-02-07 |
| Difference | +2 pp | Mexico higher |
Between the two, Mexico's capital gains tax rate (10%) tops Paraguay's (8%) by 2pp. The 175-country average is 10.3%: both sit below 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 |
| Paraguay | 0% | Source: PWC Worldwide Tax Summaries — Paraguay (Net wealth/worth tax rates) · as of 2026-02-07 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Mexico and Paraguay both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.