The 2011 double taxation agreement (DTA) concluded by Mexico and Peru entered into force on 19 February 2014 and will apply as from 1 January 2015. When in effect, the treaty will provide for a 10% withholding tax on dividends paid to a company that holds directly or indirectly at least 25% of the voting rights of the payer company; otherwise, the rate will be 15%. The rate on interest and royalties will be 15%.
«
Previous post
Mexico promises an unchanged tax regime until 2018
Mexico promises an unchanged tax regime until 2018
Related Posts
China, Peru to hold second round of tax treaty talks
November 14, 2024
Officials from China and Peru will convene from 19 to 22 November 2024 for the second round of negotiations regarding an income tax treaty. This treaty seeks to prevent double taxation and tax evasion, promoting economic integration between the
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 platforms
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
Peru, Spain to resume tax treaty talks next year
October 22, 2024
Peru and Spain will resume income tax treaty negotiations in March 2025, as announced by Luis Ibérico, Peruvian ambassador to Spain. during an event on 15 October 2024. An income tax treaty was signed in 2006, but it was never
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