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Budget for 2013 approved

|Approved Changes|Mexico
Mexico

On 17 December 2012, the Budget for 2013, approved by the Congress on 13 December 2012, was published in the Official Gazette.

The main tax measures are as follows:

Income tax

-   The general income tax rate would remain at 30% for 2013 (it was expected to be reduced to 29%).
-   Interest paid to non-resident banks that are residents in a country which has a tax treaty in force with Mexico, would be subject to withholding tax at the rate …

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