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Brazil vs Mexico Tax Comparison
Side-by-side comparison of tax rates and systems
Tax Rate Comparison
Rate Comparison
Top Income Tax
Brazil27.5%Lower
Mexico35%
Corporate Tax
Brazil34%
Mexico30%Lower
Capital Gains
Brazil22.5%Lower
Mexico35%
VAT / Sales Tax
Brazil20%
Mexico16%Lower
| Category | Brazil | Mexico |
|---|---|---|
| Tax System | Progressive | Progressive |
| Top Income Tax | 27.5% | 35% |
| Corporate Tax | 34% | 30% |
| Capital Gains | 22.5% | 35% |
| VAT / Sales Tax | 20% | 16% |
| Crypto Tax | Yes | Yes |
| Wealth Tax | No | No |
| Tax Treaties | 37 | 60 |
| Currency | BRL | MXN |
The bottom line: Brazil vs Mexico
Brazil and Mexico are evenly matched on the four headline taxes, each coming out lower on two of them — so the better choice depends on your specific income mix. Brazil runs a progressive tax system, while Mexico uses a progressive one. Mexico has the wider tax-treaty network (60 agreements), which can reduce withholding tax on cross-border income.
- Income tax: Brazil is lower (27.5% vs 35%)
- Corporate tax: Mexico is lower (34% vs 30%)
- Capital gains tax: Brazil is lower (22.5% vs 35%)
- VAT / sales tax: Mexico is lower (20% vs 16%)