Income tax in Mexico varies greatly, it will depend on the amount of your earnings, deductions, and other factors.

RFC

The RFC is the taxpayer's number in the Mexican Taxpayer Registry. Only Mexican citizens and foreign residents (holders of residence permits) are eligible for the RFC.

Tourists can't have RFC because it could be issued only with the Unique Population Registry Code of Mexican residents.

Citizens with a Mexican passport

• Mexico’s individual income tax rates range from 1,92% to 35%.
• The following tax rates are effective for Mexican citizens for the calendar year 2022

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Residents with Resident Card

• Residents pay 15% to 30%.
• The first MXN 125,900 of employment income received in a 12-month floating period will be tax-exempt.
• The following tax table is applicable to income tax with respect to income earned by non-residents for the calendar year 2022.

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Additional information

• Residents are subject to withholding taxes (WHTs) on Mexican-source interest income at rates varying from 0% to 35%, depending on several factors.
• Residents are subject to Mexican tax on gains arising from sales of real property located in Mexico (including shares of foreign companies holding a significant amount of Mexican real property) as well as the sale of shares of Mexican companies. Generally, when a capital gain is subject to tax, the non-resident investor can elect to pay either a flat rate of 25% of the gross proceeds or 35% of the net gain.
• Sales of shares in the Mexican stock exchange are subject to a flat 10% tax withholding on the profit from the said transaction.
• In Mexico, a Value-Added Tax is applied to the sale of most retail goods and services. This tax is 16% in most of the country and 11% in border areas. You will see this VAT added onto the bottom of sales receipts.