Mexico

Currency
Mexican peso (MXN)
Payroll Frequency
Bi-Monthly/monthly
Employer Taxes
36.69 – 43.72%

About 

Mexico

A large country in the southern part of the North American continent, Mexico consists of 31 states plus its capital Mexico City. Mexico's varied climate and geography make it the world's fifth most biodiverse country.

Overview

Population
126,014,024
Language
Spanish
Capital
Mexico City
Currency
Mexican peso (MXN)
Country code
+52
Min wage
141.70 MXN per day
Working hours
8 hours per day
Weekdays
Monday to Friday
Work hours per week
48 hours per week

Payroll

Cycle

Bi-Monthly/monthly

Avg employer tax

36.69 – 43.72%

Taxation

Tax breakdown - Employer
  • Social security contributions (Maximum annual contribution 138,479 MXN): 26.54%-33.58%
  • Retirement: 5.15%
  • National Housing Fund: 5.00%
VAT

16%

Holidays / PTO

Public holidays in 2024
  • 1 Jan: New Year's Day
  • 5 Feb: Constitution Day
  • 14 Mar: Benito Juarez Day
  • 14 Apr: Holy Thursday *
  • 15 Apr: Good Friday *
  • 1 May: Labor Day
  • 5 May: Anniversary of the Battle of Puebla *
  • 16 Sep: Independence Day
  • 12 Oct: Day of the Race *
  • 2 Nov: All Souls' Day *
  • 14 Nov: Revolution Day
  • 12 Dec: Lady of Guadalupe Day *
  • 25 Dec: Christmas Day

NB - dates marked with a * are not official national holidays but are widely observed across the country

Sick days

Paid sick leave for eligible employees is up to 52 weeks at a rate of 60% of their regular salary (or 100% in the case of work-related injuries).

Maternity leave

Paid maternity leave is 12 weeks (six before the birth and six after) on full pay (with 40% paid by the employer and 60% by the government).

Paternity leave

Paid paternity leave for a period of five days is mandatory.

Termination

Termination Process

Employers must have a just cause for terminating an employee's contract, and termination without liability must be for one of eight reasons stipulated by the Mexican Federal Labor Law.

Notice Period

Mexico does not have statutory minimum notice periods.

Severance Pay

Severance payments of three times an employee's regular salary are required in cases of dismissal without reasonable cause. Extra payments equivalent to 20 days' salary are required for each year of service over 15 years.

Probation Period

Typical probation periods in Mexico are 90 days.

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Tax Calculation

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MX
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Top Countries
Employer cost
Total monthly cost of employment
GBP 9,633
Gross monthly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net monthly salary
GBP 5,137
Gross monthly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Employer cost
Total yearly cost of employment
GBP 9,633
Gross yearly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net yearly salary
GBP 5,137
Gross yearly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Request a detailed quotation

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Mexico

Currency
Mexican peso (MXN)
Payroll Frequency
Bi-Monthly/monthly
Employer Taxes
36.69 – 43.72%

About 

Mexico

A large country in the southern part of the North American continent, Mexico consists of 31 states plus its capital Mexico City. Mexico's varied climate and geography make it the world's fifth most biodiverse country.

Overview

Population
126,014,024
Language
Spanish
Capital
Mexico City
Currency
Mexican peso (MXN)
Country code
+52
Min wage
141.70 MXN per day
Working hours
8 hours per day
Weekdays
Monday to Friday
Work hours per week
48 hours per week

Payroll

Cycle

Bi-Monthly/monthly

Avg employer tax

36.69 – 43.72%

Taxation

Tax breakdown - Employer
  • Social security contributions (Maximum annual contribution 138,479 MXN): 26.54%-33.58%
  • Retirement: 5.15%
  • National Housing Fund: 5.00%
VAT

16%

Holidays / PTO

Public holidays
  • 1 Jan: New Year's Day
  • 5 Feb: Constitution Day
  • 14 Mar: Benito Juarez Day
  • 14 Apr: Holy Thursday *
  • 15 Apr: Good Friday *
  • 1 May: Labor Day
  • 5 May: Anniversary of the Battle of Puebla *
  • 16 Sep: Independence Day
  • 12 Oct: Day of the Race *
  • 2 Nov: All Souls' Day *
  • 14 Nov: Revolution Day
  • 12 Dec: Lady of Guadalupe Day *
  • 25 Dec: Christmas Day

NB - dates marked with a * are not official national holidays but are widely observed across the country

Sick days

Paid sick leave for eligible employees is up to 52 weeks at a rate of 60% of their regular salary (or 100% in the case of work-related injuries).

Maternity leave

Paid maternity leave is 12 weeks (six before the birth and six after) on full pay (with 40% paid by the employer and 60% by the government).

Paternity leave

Paid paternity leave for a period of five days is mandatory.

Termination

Termination Process

Employers must have a just cause for terminating an employee's contract, and termination without liability must be for one of eight reasons stipulated by the Mexican Federal Labor Law.

Notice Period

Mexico does not have statutory minimum notice periods.

Severance Pay

Severance payments of three times an employee's regular salary are required in cases of dismissal without reasonable cause. Extra payments equivalent to 20 days' salary are required for each year of service over 15 years.

Probation Period

Typical probation periods in Mexico are 90 days.

Tax Calculation

*
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
MX
*
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Top Countries
Employer cost
Total monthly cost of employment
GBP 9,633
Gross monthly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net monthly salary
GBP 5,137
Gross monthly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Employer cost
Total yearly cost of employment
GBP 9,633
Gross yearly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net yearly salary
GBP 5,137
Gross yearly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Request a detailed quotation