On 24 January 2008, the Indian Cabinet gave its approval to the first-time income tax treaty and protocol between India and Mexico, which was signed on 10 September 2007. The Treaty was concluded in Hindi, Spanish and English, each text having equal authenticity. In the case of divergence, however, the English text prevails. The Treaty generally follows the UN Model Convention (2001).
The maximum rates of withholding tax are:
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