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 Mexico on 1 July 2023.
With regard to the double taxation agreements between Mexico and other countries for which the MLI has already entered into force, the MLI is generally effective from 1 January 2024 in respect of withholding taxes and for taxable periods beginning on or after 1 January 2024 in respect of other taxes.
