MX · AmericasPE · Americas
Mexico vs Peru: tax rates compared
Mexico has an income tax rate of 35%, 5pp above Peru's 30%. The 200-country average is 28%: both sit above it. Mexico's figure is dated 2025-01-01 and Peru's 2026-07-13, 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 | PE | Difference |
|---|---|---|---|
| Income Tax | 35% | 30% | MX +5 pplargest gap |
| Corporate Tax | 30% | 29.5% | MX +0.5 pp |
| VAT | 16% | 18% | PE +2 pp |
| Capital Gains Tax | 10% | 5% | MX +5 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 |
| Peru | 30% | Source: PWC Worldwide Tax Summaries — Peru (Individual, Taxes on personal income) · as of 2026-07-13 |
| Difference | +5 pp | Mexico higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Mexico | 30% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Peru | 29.5% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +0.5 pp | Mexico higher |
Mexico has a corporate tax rate of 30%, 0.5pp above Peru's 29.5%. The 201-country average is 22.6%: both sit above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Mexico | 16% | Source: PWC Worldwide Tax Summaries — Mexico (Corporate, Other taxes) · as of 2026-02-24 |
| Peru | 18% | Source: PWC Worldwide Tax Summaries — Peru (Corporate, Other taxes) · as of 2026-07-13 |
| Difference | −2 pp | Peru higher |
Peru has a VAT rate of 18%, 2pp above Mexico's 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 |
| Peru | 5% | Source: PWC Worldwide Tax Summaries — Peru (Individual, Income determination) · as of 2026-07-13 |
| Difference | +5 pp | Mexico higher |
Mexico has a capital gains tax rate of 10%, 5pp above Peru's 5%. 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 |
| Peru | 0% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 — Peru · as of 2025-10-01 |
| Difference | 0 pp | displayed rates match |
Mexico and Peru share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it. Mexico's figure is dated 2026-02-24 and Peru's 2025-10-01, so the two rates come from different data vintages.
Not covered for both countries yet: Crypto Tax.