vs
Mexico vs Vietnam Tax Comparison
Side-by-side comparison of tax rates and systems
Tax Rate Comparison
Rate Comparison
Top Income Tax
Mexico35%
Vietnam35%
Corporate Tax
Mexico30%
Vietnam20%Lower
Capital Gains
Mexico35%
Vietnam20%Lower
VAT / Sales Tax
Mexico16%
Vietnam10%Lower
| Category | Mexico | Vietnam |
|---|---|---|
| Tax System | Progressive | Progressive |
| Top Income Tax | 35% | 35% |
| Corporate Tax | 30% | 20% |
| Capital Gains | 35% | 20% |
| VAT / Sales Tax | 16% | 10% |
| Crypto Tax | Yes | No |
| Wealth Tax | No | No |
| Tax Treaties | 60 | 81 |
| Currency | MXN | VND |
The bottom line: Mexico vs Vietnam
Vietnam 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 Vietnam uses a progressive one. On crypto, Vietnam is the more favourable — it does not tax cryptocurrency gains. Vietnam has the wider tax-treaty network (81 agreements), which can reduce withholding tax on cross-border income.
- Income tax: identical in both (35%)
- Corporate tax: Vietnam is lower (30% vs 20%)
- Capital gains tax: Vietnam is lower (35% vs 20%)
- VAT / sales tax: Vietnam is lower (16% vs 10%)