Understanding Taxation in Mexico: Federal vs. State Taxes Explained

Mexico, with its 32 different states, has a unique tax landscape that combines federal and state taxes. In this video, we explore the differences between federal and state taxation in Mexico and how they can impact individuals and businesses. While most taxes are paid at the national level to the SAT (Servicio de Administración Tributaria), there are also state taxes that can vary depending on factors like property ownership and employment. We delve into the details of local property taxes, the tenencia vehicular (vehicle tax), and the Impuesto (employment tax) that employers and employees need to be aware of. Join us as we break down the key distinctions and provide insights into Mexico's tax system at both the federal and state levels.