MX · AmericasZA · Africa
Mexico vs South Africa: tax rates compared
South Africa has an income tax rate of 45%, 10pp above Mexico's 35%. The 200-country average is 28%: both sit above it. Mexico's figure is dated 2025-01-01 and South Africa's 2026-03-01, 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 | MX | ZA | Difference |
|---|---|---|---|
| Income Tax | 35% | 45% | ZA +10 pplargest gap |
| Corporate Tax | 30% | 27% | MX +3 pp |
| VAT | 16% | 15% | MX +1 pp |
| Capital Gains Tax | 10% | 18% | ZA +8 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 |
| South Africa | 45% | Source: PWC Worldwide Tax Summaries — South Africa (Individual, Taxes on personal income) · as of 2026-03-01 |
| Difference | −10 pp | South Africa higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Mexico | 30% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| South Africa | 27% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +3 pp | Mexico higher |
Mexico has a corporate tax rate of 30%, 3pp above South Africa's 27%. 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 |
| South Africa | 15% | Source: PWC Worldwide Tax Summaries — South Africa (Corporate, Other taxes) · as of 2026-05-29 |
| Difference | +1 pp | Mexico higher |
Mexico has a VAT rate of 16%, 1pp above South Africa's 15%. The 181-country average is 15%: Mexico sits above it, South Africa matches the world average.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Mexico | 10% | Source: PwC Worldwide Tax Summaries — Mexico (Individual, Income determination) · as of 2026-01-30 |
| South Africa | 18% | Source: PWC Worldwide Tax Summaries — South Africa (Individual, Income determination) · as of 2026-05-29 |
| Difference | −8 pp | South Africa higher |
South Africa has a capital gains tax rate of 18%, 8pp above Mexico's 10%. The 175-country average is 10.3%: Mexico sits below it, South Africa 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 |
| South Africa | 0% | Source: PWC Worldwide Tax Summaries — South Africa (Individual, Other taxes) · as of 2026-05-29 |
| Difference | 0 pp | displayed rates match |
Mexico and South Africa 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.