Bank of Mexico cut its rate to 6.25%
Decision of November 5, 2026 (3 votes to 2), effective from November 6, 2026; previously 6.50%.
What this changes in the calculation
Nothing for taxes; the rate for mortgages and deposits is lower.
What changed
Mexico: proposed cut in interest withholding on deposits from 0.90% to 0.68%
The 2027 revenue law bill cuts the annual withholding on the deposit amount from 0.90% to 0.68%. The final scale of 1.92 to 35% is unchanged.
What this changes in the calculation
The final tax on a deposit does not change; the advance withholding is lower.
Check log: the calculation does not change (1)
Mexico: 2027 revenue law passed by Congress, interest withholding 0.68% from January 1, 2027
The scale of 1.92% to 35% for interest and 10% on gains from listed shares are confirmed (PwC, August 6, 2026). The Senate passed the 2027 revenue law on October 27, 2026: the advance withholding on interest of 0.90% becomes 0.68% from January 1, 2027; publication in the DOF was not found. The income tax law reform was passed on November 3, 2026; the changes concern companies.
What this changes in the calculation
Nothing; 0.68% is a withholding credited against the annual tax.