Revenue Statistics 2016 - Mexico Tax-to-GDP ratio Tax-to-GDP ratio over time The OECD’s annual Revenue Statistics report found that the tax-to-GDP ratio in Mexico increased by 2.2 percentage points, from 15.2% in 2014 to 17.4% in 2015. The corresponding figures for the OECD average were an increase of 0.1 percentage point from 34.2% to 34.3% over the same period. Since the year 2000, the tax-to-GDP ratio in Mexico has increased from 13.6% to 17.4%. Over the same period, the OECD average in 2015 was slightly above that in 2000 (34.3% compared with 34.0%). Mexico
% 35
34.0
33.5
33.2
33.2
33.1
33.6
OECD 33.7
33.8
33.2
32.4
32.6
33.0
33.4
33.8
34.2
14.6
15.2
34.3
30
25
20
17.4 15
13.6
14.4
14.6
14.1
12.9
12.6
12.8
13.2
13.8
13.6
14.1
14.0
13.9
10
Tax-to-GDP ratio compared to the OECD Mexico ranked 35th out of 35 OECD countries in terms of the tax-to-GDP ratio in 2015.* In 2015, Mexico had a tax-toGDP ratio of 17.4% compared with the OECD average of 34.3%. In 2014, Mexico was also ranked 35th out of the 35 OECD countries in terms of the tax-to-GDP ratio. % 46.6
45.5 44.8 44.0 43.5 43.3 43.3 39.4
OECD average, 34.3% 38.1 37.8 37.1 37.0 36.9 36.8 36.6 34.5 33.8 33.6 33.5 32.8 32.5 32.3 32.1 32.0 31.9 31.4
30.0 29.0
27.9 27.8
26.4
25.3
23.6 20.7
▼ 17.4
* Australia, Japan and Poland are unable to provide provisional 2015 data, therefore their latest 2014 data are presented within this country note. In the OECD classification the term “taxes” is confined to compulsory unrequited payments to general government. Taxes are unrequited in the sense that benefits provided by government to taxpayers are not normally in proportion to their payments.
Tax structures Tax structure compared to the OECD average The structure of tax receipts in Mexico compared with the OECD average is shown in the figure below. Mexico
OECD unweighted average
%
26
24
26
21
20
20
17 13 10
9 6 2 Taxes on personal Taxes on corporate income, profits and income and gains gains
Social security contributions
2
1
Payroll taxes
1
Taxes on property
Value Added Taxes/Goods and Services Tax
Taxes on goods and services (excluding VAT/GST)
1 Other
Relative to the OECD average, the tax structure in Mexico is characterised by: » Higher revenues from taxes on corporate income and gains; payroll and value added taxes. »
A lower proportion of revenues from taxes on personal income, profits and gains; social security contributions; property and goods and services (excluding VAT/GST).
Tax structure
Tax Revenues in national currency
Tax structure in Mexico
Mexican Peso, millions
Position in OECD²
% D
2014
2013
D
979 251
957 213
+ 22 038
38
41
-3
10th
9th
-1
Personal income, profits and gains
514 208
425 621
+ 88 587
20
18
+2
21st
24th
+3
Corporate income and gains
441 317
392 199
+ 49 118
17
17
-
3rd
4th
+1
26th
26th
-
2014 Taxes on income, profits and capital gains
2013
D
2014
2013
of which
Social security contributions
538 213
490 918
+ 47 296
21
21
-
Payroll taxes
64 713
53 042
+ 11 671
2
2
-
6th
6th
-
Taxes on property
54 920
46 238
+ 8 683
2
2
-
30th
30th
-
933 832
761 349
+ 172 483
36
32
+4
12th
18th
+6
667 085
556 794
+ 110 291
26
24
+2
6th
6th
-
36 767
41 204
- 4 437
1
2
-1
6th
4th
-2
2 607 696
2 349 963
+ 257 733
100
100
-
-
-
-
Taxes on goods and services of which VAT Other¹ TOTAL
Tax revenue includes net receipts for all levels of government; figures in the table may not sum to the total indicated due to rounding. 1. Includes income taxes not allocable to either personal or corporate income. 2. The country with the highest share being 1st and the country with the lowest share being 35th. Source: OECD Revenue Statistics 2016 http://www.oecd.org/tax/tax-policy/revenue-statistics.htm
Contacts David Bradbury
Michelle Harding
Michel Lahittete
Centre for Tax Policy and Administration Head, Tax Policy and Statistics Division
[email protected]
Centre for Tax Policy and Administration Head, Tax Data & Statistical Analysis Unit
[email protected]
Centre for Tax Policy and Administration Statistician
[email protected]
