Federal Tax - ISR (Income Tax)【Mexico】

This is a brief explanation aimed at providing a quick overview of Mexico's fiscal year and the often confusing tax system in Mexico, with the goal of being readable in about one minute. I hope it will be helpful for those considering entering the Mexican market or those who have already established themselves there.
◆【Mexico】Federal Tax - ISR (Income Tax)
First, Mexico has federal taxes and state taxes. Federal taxes are those that must be paid regardless of the state of residence and are the same throughout Mexico, while state taxes vary depending on the state where the business is located. Among federal taxes, ISR (Income Tax) applies to both individuals and corporations. For individuals, it is taxed on income from salary or other personal services. For corporations, it is taxed on activities such as commerce, industry, agriculture, livestock, and fishing.
For information on other taxes, please see the following columns.
Title: 【Mexico】Federal Tax - IVA (Value Added Tax) and 【Mexico】State Tax - Employee Payroll Tax (ISN)

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The difficult aspect of Mexico's tax system is that it is divided into federal and state taxes. Mastering this area seems to be a key point for business development in Mexico.