The Social Security Rate For Employees in Mexico stands at 1.65 percent.

Social Security Rate For Employees in Mexico averaged 1.95 percent from 2000 until 2018, reaching an all time high of 2.93 percent in 2000 and a record low of 1.65 percent in 2008. This page provides - Mexico Social Security Rate For Employees - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mexico Social Security Rate For Employees - values, historical data and charts - was last updated on October of 2020.

Social Security Rate For Employees in Mexico is expected to reach 1.65 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mexico Social Security Rate For Employees is projected to trend around 1.65 percent in 2021, according to our econometric models.

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Mexico Social Security Rate For Employees

Actual Previous Highest Lowest Dates Unit Frequency
1.65 1.65 2.93 1.65 2000 - 2019 percent Yearly

Mexico Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 30.00 30.00 42.00 28.00 percent [+]
Personal Income Tax Rate 35.00 35.00 35.00 28.00 percent [+]
Sales Tax Rate 16.00 16.00 16.00 15.00 percent [+]
Social Security Rate 9.23 9.23 17.63 0.00 percent [+]
Social Security Rate For Companies 7.58 7.58 14.70 7.58 percent [+]
Social Security Rate For Employees 1.65 1.65 2.93 1.65 percent [+]


Mexico Social Security Rate For Employees
In Mexico, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate For Employees are an important source of income for the government of Mexico because they help to pay for many social programs including welfare, health care and many other benefits.