On 3 February 2017, the Spanish Cabinet approved the ratification of the pending protocol to 1992 income and capital tax treaty with Mexico. The protocol, signed 17 December 2015, provides for the following main changes to the treaty:
- Article 4 (Resident) is amended with revisions to the general definition of "resident of a Contracting State" and the addition of provisions regarding mutual agreement on residence between the competent authorities when a company would be a resident of both Con…