|GDP (2012 est.)||$1.798 trillion (2012 est.)|
|Currency & Exchange Rate||Mexican pesos (MXN) per US dollar 13.17|
Residential taxation: foreigners taxed on local income; residents taxed on local and overseas income.
|Crude oil - production(bbl/day)||2,936,000|
|Crude oil - exports(bbl/day)||1,460,000|
|Crude oil - imports(bbl/day)||0|
|Crude oil - proved reserves(bbl)||10,260,000,000|
|Refined petroleum products - production(bbl/day)||1,364,000|
|Refined petroleum products - consumption(bbl/day)||2,133,000|
|Natural gas - production(cu m)||53,960,000,000|
|Natural gas - proved reserves(cu m)||487,700,000,000|
Employment income tax is deducted at source by the employer. Income (MXN): Tax Rate %
Home is there; if more than 50% of annual income is from there.
Social security contributions are obligatory and are paid partly by the employer and partly by the employee. Contributions are levied on the employee’s gross remuneration and range up to 20.40% depending on the type of benefits that would be covered in accordance with the Social Security Law. Employees must contribute between 2.375% and 2.75%.
Varies from tropical to desert.
North America, bordering the Caribbean Sea and the Gulf of Mexico, between Belize and the United States and bordering the North Pacific Ocean, between Guatemala and the United States.
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CONTRACTS CONSULTANCY LTD
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Houston, Texas 77082, USA
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