vs
Mexico vs Thailand Tax Comparison
Side-by-side comparison of tax rates and systems
Tax Rate Comparison
Rate Comparison
Top Income Tax
Mexico35%
Thailand35%
Corporate Tax
Mexico30%
Thailand20%Lower
Capital Gains
Mexico35%
Thailand35%
VAT / Sales Tax
Mexico16%
Thailand7%Lower
| Category | Mexico | Thailand |
|---|---|---|
| Tax System | Progressive | Progressive |
| Top Income Tax | 35% | 35% |
| Corporate Tax | 30% | 20% |
| Capital Gains | 35% | 35% |
| VAT / Sales Tax | 16% | 7% |
| Crypto Tax | Yes | Yes |
| Wealth Tax | No | No |
| Tax Treaties | 60 | 61 |
| Currency | MXN | THB |
The bottom line: Mexico vs Thailand
Thailand has the lower headline rate on 2 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 Thailand uses a progressive one. Thailand has the wider tax-treaty network (61 agreements), which can reduce withholding tax on cross-border income.
- Income tax: identical in both (35%)
- Corporate tax: Thailand is lower (30% vs 20%)
- Capital gains tax: identical in both (35%)
- VAT / sales tax: Thailand is lower (16% vs 7%)