Expatriation Mexico - tax comparison
πŸ‡²πŸ‡½

Mexico

VS
Expatriation Singapore - tax comparison
πŸ‡ΈπŸ‡¬

Singapore

Mexico vs Singapore

Complete comparison for your tax relocation

Data up to date as of January 15, 2025
Top income tax bracket
35%
πŸ‡²πŸ‡½ Mexico
vs
24%
πŸ‡ΈπŸ‡¬ Singapore
Monthly cost (single)
700 €
πŸ‡²πŸ‡½ Mexico
vs
2β€―200 €
πŸ‡ΈπŸ‡¬ Singapore
Safety
5/10
πŸ‡²πŸ‡½ Mexico
vs
8/10
πŸ‡ΈπŸ‡¬ Singapore

Taxation

πŸ‡²πŸ‡½Mexico
πŸ‡ΈπŸ‡¬Singapore
Top income tax bracket35%24%
Corporate tax30%17%
Capital gains10%0%
VAT16%9%
Tax treaty with FranceYesYes
Special regimeNoneTaxation territoriale et 0 % plus-values
Wealth taxNoNo
Territorial taxationNoYes
πŸ‡ΈπŸ‡¬

Taxation territoriale et 0 % plus-values

Duration: Permanente (systeme par dΓ©faut)

Singapour ne taxe pas les plus-values personnelles et applique une imposition territoriale : seuls les revenus de source singapourienne ou rapatriΓ©s Γ  Singapour sont imposΓ©s. Les taux d'imposition sont tres progressifs et bas.

Cost of living

πŸ‡²πŸ‡½Mexico
πŸ‡ΈπŸ‡¬Singapore
Monthly cost (single)700 €2β€―200 €
Monthly cost (couple)1β€―100 €3β€―500 €
City center rent550 €2β€―500 €
Outside city rent350 €1β€―600 €
Private health insurance60 €250 €
Public healthcareAccessibleAccessible

Estimated total monthly budget (single, with city center rent)

πŸ‡²πŸ‡½ Mexico1β€―250 €/mo
πŸ‡ΈπŸ‡¬ Singapore4β€―700 €/mo

Mexico is approximately 3β€―450 € cheaper per month in total.

Quality of life

πŸ‡²πŸ‡½Mexico
πŸ‡ΈπŸ‡¬Singapore
Average temperature22Β°C27Β°C
Safety5/108/10
Health index72/10072/100
Internet50 Mbps300 Mbps
Timezone vs Paris-7h+7h
French-speaking communityVery smallSmall
LanguagesEspagnolAnglais, Mandarin, Malais, Tamoul
CurrencyPeso mexicain (MXN)Dollar singapourien (SGD)
Corruption index31/10083/100
Democracy index5.63/106.02/10

Settling in

πŸ‡²πŸ‡½Mexico
πŸ‡ΈπŸ‡¬Singapore
Residence permit delay3 months2 months
Company creation8 days2 days
Bank accountModerateEasy
Political stability4/109/10
Ease of business60th worldwide2th worldwide

Summary

πŸ‡²πŸ‡½

Mexico

  • Top IT: 35% | Corp. tax: 30%
  • Cost of living: 700 €/mo
  • Safety: 5/10 | Health: 72/100
View full profile Mexico β†’
πŸ‡ΈπŸ‡¬

Singapore

  • Top IT: 24% | Corp. tax: 17%
  • Cost of living: 2β€―200 €/mo
  • Safety: 8/10 | Health: 72/100
  • Regime: Taxation territoriale et 0 % plus-values (Permanente (systeme par dΓ©faut))
View full profile Singapore β†’

Comparative analysis: Mexico vs Singapore

Which country has lower taxes?

In terms of taxation, Singapour is generally more advantageous. The top marginal income tax rate is 24% compared to 35% in Mexique. Corporate tax stands at 17% versus 30%. Capital gains are taxed at 0% in Singapore versus 10% in Mexico.

Which country is cheaper to live in?

The cost of living is lower in Mexique. A single person spends about 700 EUR/month excluding rent, compared to 2β€―200 EUR/month in Singapour. City center rent averages 550 EUR versus 2β€―500 EUR.

Which country is safer?

Singapour scores higher on safety (8/10 versus 5/10). In terms of healthcare, Mexique leads with an index of 72/100 compared to 72/100 for Singapour.

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Disclaimer

The tax information presented is based on estimates from public sources (PwC, OECD, government sources). It does not constitute tax or legal advice. Tax rules change regularly and your personal situation may significantly affect the calculation. Consult a qualified professional before making any relocation decision.