Pay Your Workers in Mexico with Ontop

Discover the advantages of partnering with Ontop to provide your workers in Mexico with flexible and rewarding payment solutions.
OVERVIEW

Language(s): Spanish

Currency: Mexican Peso (MXN)

Capital City: Mexico City

Population: 127.5 million

Cost of Living Rank: 67th

VAT (Valued Added Tax): 16%

EMPLOYER TAXES

22%

★  19% - Social security
★  3% - State tax

Real-Time Transfers 24/7 for Your Workers

Mexico's proximity to the US offers logistical advantages and simplifies collaboration with North American teams.

Mexico boasts a large and skilled workforce, with a strong presence in manufacturing and engineering sectors.

Mexico shares some cultural aspects with the US, which can ease the onboarding and integration of new hires.

Minimum Salary

248.93 MXN per day

Payroll Cycle

Monthly and biweekly.

Holidays Number

30-90 days

Trial Period

7

Employer Taxes

22%

Taxes Filing

Depending on annual income.

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