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Mexico vs Turkey Tax Comparison
Side-by-side comparison of tax rates and systems
Tax Rate Comparison
Rate Comparison
Top Income Tax
Mexico35%Lower
Turkey40%
Corporate Tax
Mexico30%
Turkey25%Lower
Capital Gains
Mexico35%Lower
Turkey40%
VAT / Sales Tax
Mexico16%Lower
Turkey20%
| Category | Mexico | Turkey |
|---|---|---|
| Tax System | Progressive | Progressive |
| Top Income Tax | 35% | 40% |
| Corporate Tax | 30% | 25% |
| Capital Gains | 35% | 40% |
| VAT / Sales Tax | 16% | 20% |
| Crypto Tax | Yes | No |
| Wealth Tax | No | No |
| Tax Treaties | 60 | 87 |
| Currency | MXN | TRY |
The bottom line: Mexico vs Turkey
Mexico has the lower headline rate on 3 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 Turkey uses a progressive one. On crypto, Turkey is the more favourable — it does not tax cryptocurrency gains. Turkey has the wider tax-treaty network (87 agreements), which can reduce withholding tax on cross-border income.
- Income tax: Mexico is lower (35% vs 40%)
- Corporate tax: Turkey is lower (30% vs 25%)
- Capital gains tax: Mexico is lower (35% vs 40%)
- VAT / sales tax: Mexico is lower (16% vs 20%)