Mexico Tax News
2007 Budget Bill submitted to Congress
Treaty between Mexico and New Zealand – details
Treaty between Mexico and Canada – details
Treaty between Mexico and Panama – negotiations to start
Ruling on profit attribution between Belgian headquarter and Mexican branch published
US and Mexico sign revised mutual agreement on eligibility of fiscally transparent entities to claim treaty benefits
The first-time income and capital tax treaty between Greece and Mexico signed on 13 April 2004, entered into force on 7 December 2005. The treaty generally applies from 1 January 2006.
Restrictions on application of thin capitalization regime
The first-time income and capital tax treaty between Greece-Mexico, signed on 13 April 2004, has been ratified in Greece by way of Law 3406/2005 and published in the Official Gazette of 25 October 2005, Volume A, No. 265. Further details of the treaty will be reported subsequently.
Treaty definition of "business profits" clarified 2005 tax reform treaty override?
Taxation of dividends and registered private debt According to a proposal submitted to the parliament on 30 September 2005, the withholding tax rate on dividends distributed to both resident and non-resident shareholders will be set at 20%. (Currently, the rates are 15% for dividends paid to resident recipients and 25% for dividends distributed to non-resident shareholders.)
US and Mexico reach mutual agreement on eligibility of fiscally transparent entities to claim treaty benefits
Iceland and Mexico initialled a first-time income tax treaty on 7 April 2005.
The corporate income tax rate is reduced to 30% in 2005. The rate will be 29% for 2006 and 28% for 2007.
The first-time income tax treaty and protocol between Mexico and Indonesia, signed on 6 September 2002, entered into force on 28 October 2004. The treaty generally applies from 1 January 2005.
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