Question 1

What is the import duty rate for Passenger Cars in Mexico?

Accepted Answer

The MFN (Most Favoured Nation) import duty rate for Passenger Cars (HS 8703) in Mexico is 20% on the FOB value. MFN 20% on passenger vehicles. CUSMA 0% for US/Canada origin. EU–Mexico agreement provides staged reductions.

Question 2

Is IVA charged on Passenger Cars imports to Mexico?

Accepted Answer

Yes. Mexico charges IVA at 16% on the FOB value plus any import duty. This applies to virtually all commercial imports.

Question 3

Are there FTA rates available for Passenger Cars in Mexico?

Accepted Answer

Yes. CUSMA: 0%. CUSMA/T-MEC (US, Canada), Mexico–EU Global Agreement (TMEC), CPTPP, Pacific Alliance (Chile, Colombia, Peru) are the key agreements — verify origin requirements with your customs broker.

Question 4

How is import duty calculated for Passenger Cars entering Mexico?

Accepted Answer

Duty is calculated on the FOB value of the goods. FOB value is the transaction value at the port of export. The MFN duty of 20% is applied to this value. IVA (16%) is then applied on the FOB value plus duty.

Mexico Import Duty Rate for Passenger Cars

How duty is calculated

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Passenger Cars duty rates in other markets