|
Mexico is a fully functioning Western democracy. The economy is regarded as sound and reliable, with an inflation rate in single digits and constant growth in GDP. Government focus on structural reforms and agreements has played an important part in economic development. Overall, stability is very good, and Mexico has made progress in stabilizing its economy and political environment. Mexico is one of only two countries in Latin America that has "investment grade" ratings from the major international ratings agencies. Economic Highlights In 2005, the corporate tax rate was reduced from 33% to 30%, and is expected to decrease to 28% in 2007. The top personal income tax rate will lso decrease to 28% in 2007. The value-added tax (VAT) rate is 15%; food products and medicines are exempt from VAT.
The World Bank rank Mexico as one of the two top countries in Latin America where it is easiest to conduct business
|
|
|
|
|