MX · AmericasTH · Asia
Mexico vs Thailand: tax rates compared
There's no gap here — Mexico and Thailand both post an income tax rate of 35%. The 200-country average is 28%: both sit above it. Mexico's figure is dated 2025-01-01 and Thailand's 2026-02-02, 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 | TH | Difference |
|---|---|---|---|
| Income Tax | 35% | 35% | match |
| Corporate Tax | 30% | 20% | MX +10 pplargest gap |
| VAT | 16% | 7% | MX +9 pp |
| Capital Gains Tax | 10% | 0% | MX +10 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 |
| Thailand | 35% | Source: PWC Worldwide Tax Summaries — Thailand (Individual, Taxes on personal income) · as of 2026-02-02 |
| Difference | 0 pp | displayed rates match |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Mexico | 30% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Thailand | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +10 pp | Mexico higher |
Between the two, Mexico's corporate tax rate (30%) tops Thailand's (20%) by 10pp. The 201-country average is 22.6%: Mexico sits above it, Thailand sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Mexico | 16% | Source: PWC Worldwide Tax Summaries — Mexico (Corporate, Other taxes) · as of 2026-02-24 |
| Thailand | 7% | Source: PWC Worldwide Tax Summaries — Thailand (Corporate, Other taxes) · as of 2026-02-02 |
| Difference | +9 pp | Mexico higher |
Between the two, Mexico's VAT rate (16%) tops Thailand's (7%) by 9pp. The 181-country average is 15%: Mexico sits above it, Thailand 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 |
| Thailand | 0% | Source: PWC Worldwide Tax Summaries — Thailand (Individual, Income determination) · as of 2026-02-02 |
| Difference | +10 pp | Mexico higher |
Between the two, Mexico's capital gains tax rate (10%) tops Thailand's (0%) by 10pp. 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 |
| Thailand | 0% | Source: PWC Worldwide Tax Summaries — Thailand (Individual, Other taxes) · as of 2026-02-02 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Mexico and Thailand 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.