Taxes on Goods and Services (As % of Revenue) fell to 27.2% in Mexico in 2017

Taxes on Goods and Services (As % of Revenue) (%)
Economy | Mexico | December 1, 2019
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Taxes on goods and services as a share of revenue reached 27.2 % in 2017 in Mexico, according to the National Statistical Office. This is 10.4 % less than in the previous year.

Historically, taxes on goods and services as a share of revenue in Mexico reached an all time high of 73.3 % in 1983 and an all time low of 21.4 % in 2013. When compared to Mexico's main peers, taxes on goods and services as a share of revenue in Belize amounted to 48.1 % and 2.42 % in USA in 2017.

Mexico has been ranked 78th within the group of 105 countries we follow in terms of taxes on goods and services as a share of revenue.

Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on the extraction and production of minerals, and profits of fiscal monopolies.

Taxes on Goods and Services (As % of Revenue) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Belize % 27.8% 34.4% 32.4% 34.7% 35.7%
Canada % 14.2% 14.0% 13.9% ... ... ... ...
China % 62.1% 61.3% 58.0% 38.4% 35.3% ...
El Salvador % 34.6% 42.5% 42.8% 42.8% 43.1%
Guatemala % 56.2% 56.7% 56.2% 55.1% 55.9% ...
Honduras % 40.7% 41.0% 39.6% 44.3% 47.7% ... ...
Japan % 35.9% 34.6% 32.7% 37.1% 37.6%
Mexico % 23.0% 23.0% 21.4% 25.4% 30.2%
Nicaragua % 50.3% 50.4% 51.4% 50.5% 49.6%
USA % 2.95% 2.99% 2.84% 2.98% 2.94%