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.
«
Previous post
DTA between Chile and Argentina signed
DTA between Chile and Argentina signed
Related Posts
Mexico introduces several tax incentive with economic package 2025Â
November 21, 2024
Mexico’s Federal Executive submitted the 2025 economic package to the Congress of the Union on 15 November 2024. This package does not include new taxes or increases to existing ones but adjustments to tax incentives and withholding taxes on
Read More
Panama offers amnesty for late interest payments for tax liabilities until December
November 05, 2024
Panama introduced a tax amnesty through Law 446, published in the Official Gazette on 28 October 2024, offering tax relief on surcharges and late interest payments for various tax liabilities, such as income tax, real estate tax, VAT, selective
Read More
Mexico updates list of taxpayers linked to suspected fake transactions
October 30, 2024
Mexico’s Tax Administration (Servicio de Administración Tributaria, SAT) has revised the final lists of taxpayers suspected of engaging in non-existent transactions under Article 69-B of the Federal Fiscal Code. The tax administration
Read More Mexico broadens definition of Digital Intermediation Service in tax law amendment
October 25, 2024
The Mexican Tax Administration (SAT) has broadened the definition of Digital Intermediation Service for tax law purposes, issued in the Second Resolution of Modifications to the Miscellaneous Fiscal Resolution for 2024 on 11 October 2024. The
Read More Mexico introduces new withhold income tax, VAT obligations for crowdfunding platformsÂ
October 25, 2024
The Mexican tax administration (SAT) released the  Second Resolution of Modifications to the Miscellaneous Fiscal Resolution for 2024 on 11 October 2024, which mandates that crowdfunding platforms provide specific information to the SAT concerning
Read More Mexico publishes guidance for tax incentives for key sectors in Yucatan’s industrial zones
October 16, 2024
The Mexican government has published  guidelines for granting tax incentives to taxpayers engaged in productive economic activities within the Progreso I and Mérida I industrial welfare zones (industrial parks) in Yucatán state on 26 September
Read More