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Mexico vs Cayman Islands Tax Comparison
Side-by-side comparison of tax rates and systems
Tax Rate Comparison
Rate Comparison
Top Income Tax
Mexico35%
Cayman Islands0%Lower
Corporate Tax
Mexico30%
Cayman Islands0%Lower
Capital Gains
Mexico35%
Cayman Islands0%Lower
VAT / Sales Tax
Mexico16%
Cayman Islands0%Lower
| Category | Mexico | Cayman Islands |
|---|---|---|
| Tax System | Progressive | No direct taxation |
| Top Income Tax | 35% | 0% |
| Corporate Tax | 30% | 0% |
| Capital Gains | 35% | 0% |
| VAT / Sales Tax | 16% | 0% |
| Crypto Tax | Yes | No |
| Wealth Tax | No | No |
| Tax Treaties | 60 | 0 |
| Currency | MXN | KYD |
The bottom line: Mexico vs Cayman Islands
Cayman Islands has the lower headline rate on 4 of the four main taxes (income, corporate, capital gains and VAT), making it the lighter-taxed of the two on paper. Mexico runs a progressive tax system, while Cayman Islands uses a no direct taxation one. On crypto, Cayman Islands is the more favourable — it does not tax cryptocurrency gains. Mexico has the wider tax-treaty network (60 agreements), which can reduce withholding tax on cross-border income.
- Income tax: Cayman Islands is lower (35% vs 0%)
- Corporate tax: Cayman Islands is lower (30% vs 0%)
- Capital gains tax: Cayman Islands is lower (35% vs 0%)
- VAT / sales tax: Cayman Islands is lower (16% vs 0%)