The FTA (free trade agreement) between Mexico and Panama has entered into force on 20 April 2015, after ratification by Mexico. The FTA was signed on 3 April 2014 in Panama and on 12 March 2014 in Mexico. According to the FTA Mexico will directly obtain special tariff treatment about 72% of approved products (copper, aluminum, steel, automobiles, auto parts, paints, cosmetics, and perfumes) and this tariff will be gradually reduced after 5 years.
«
DTA between Chile and Argentina signed
Related Posts
Mexico raises WHT rate on interest paid by financial institutions for FY 2024
On 13 November 2023, Mexico published the Federal Revenue Law for 2024 in the Official Gazette. Accordingly, Mexico increased the withholding tax (WHT) rate on interest payments made by financial institutions from 0.15% to 0.50% for fiscal year (FY)
Read MoreMexico unveils tax incentives for key export sectors
On 11 October 2023, the Mexican government published a Decree in the Official Gazette offering tax incentives to vital sectors of the export industry. The Decree came into force on 12 October 2023. Eligible taxpayers Companies that manufacture
Read MorePanama introduces updated income tax return forms
On 27 June 2023, Panama officially published Resolution No. 201-4370/2023 in the Official Gazette, that introduces updated forms for filing income tax returns. These new forms are applicable to various entities, including individual taxpayers, legal
Read MoreMexico: BEPS MLI enters into force
On 3 July 2023, OECD published the updated position of signatories’ countries regarding the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). Accordingly, MLI entered into force for
Read MorePanama extends deadline for transfer pricing return
On 26 June 2023, the Panamanian tax authority issued Resolution No. 201-5949, that announced an extension of the deadline for calendar year taxpayers to file transfer pricing return (Form 930) for fiscal year (FY) 2022. The original deadline of 30
Read MoreMexico announces tax incentives for investment in Interoceanic Corridor’s development hubs
On 5 June 2023, the Government of Mexico announced a decree introducing tax incentives for companies that decide to invest in Interoceanic Corridor’s development hubs. The decree aims to promote economic development in the disadvantaged southeast
Read More