Treaty between Argentina and Mexico under negotiations
An initial round of negotiations for a double tax treaty between Argentina and Mexico is to take place from 21 to 25 April
See MoreMexican tax reform of 2014 imposes deadlines for Maquiladora companies
The Mexican tax reform of 2014 has introduced a number of important changes for maquiladora enterprises. The changes apply to companies that are operating under the requirements of the Decree for the Promotion of the Manufacturing, Maquiladora and
See MoreMexico and Panama Sign Free Trade Agreement
Mexico and Panama signed a free trade agreement (FTA) on April 3 2014. The conclusion of this agreement is an important step for Panama on the way to becoming a full member of the Pacific Alliance (PA) regional trade bloc. The FTA is also likely to
See MoreHong Kong DTAs with Qatar, Canada, Kuwait, Jersey, and Mexico
The double taxation agreements (DTAs) that Hong Kong has signed with Qatar, Canada, Kuwait, Jersey, and Mexico are to take effect in Hong Kong from April 1,
See MoreMexico – Government and taxpayers reach agreement on tax certainty
The 2014 tax reform provisions have brought significant changes to the tax system in Mexico. New changes will affect both business and individual taxpayers. In response, taxpayers have filed for injunctive relief against certain measures under the
See MoreMexico: Annual tax return application available for individuals
The Mexican Tax Administration Service (SAT) has informed taxpayers who derived income from salaries in 2013 that they will receive their tax refund within the following 5 days after submitting the tax return. The deadline for submitting the annual
See MoreMexico-Peru DTA
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
See MoreMexico promises an unchanged tax regime until 2018
Following the completion of tax reforms, the Mexican Government has now signed a Tax Certainty Agreement under which Mexico's tax system is to remain unchanged throughout the remaining period of the current government. This means that the tax regime
See MoreMexico: Electronic Invoicing mandatory
From 1 April 2014, individual taxpayers involved in business, providing professional services etc. must issue electronic invoices. The Mexican tax administration service has made available a free mobile application to record income and expenses,
See MorePacific Alliance signs a free trade agreement
On February 10, at the eighth summit meeting of heads of state from the Pacific Alliance (PA), comprised of Chile, Colombia, Mexico, and Peru, a deal was signed that will remove 92% of tariffs on goods and services traded between the four countries.
See MoreMexico settles issues with Maquiladoras
The President of the National Council of the maquiladora industry has commented that the sector has largely settled its differences with the Mexican government over tax issues, following the changes to the Mexican Government's tax reform bill which
See MoreEstonia – Six new DTA in effect
From 1 January 2014, six new Double Tax Treaties (DTA) were added to Estonia’s income tax treaty network. The treaties are with Bahrain, Thailand, Cyprus, Mexico, Turkmenistan, and
See MoreMexico: Tax Reforms bill published
According to a media report Mexico reform tax bill on 23 December 2013, which might affect the direct and indirect taxation of corporate taxpayers, has been published in the country’s Official Gazette, completing the approval procedures. The
See MoreMexican Tax Reforms Gazetted
According to a media report on 23 December 2013 Mexico's tax reform bill, which includes measures affecting the direct and indirect taxation of corporate taxpayers, has been published in the country's Official Gazette, completing the enactment
See MoreMexico – Tax reform legislation published in official Gazette
Mexico published new tax reform provision in official gazette on 11 December 2013, which is proceeding through the legislative process. The new legislation includes measures that may affect multinational entities with current or planned operations
See MoreMexico: Congress passed budget for 2014
The Mexican lower house of Congress has passed the federal budget for 2014, which proposes running a deficit in 2014 to lift the country’s economy on 14 November of 2013. The budget will increase the tax revenue by around 2.5% of GDP by 2018. The
See MoreMexico: Proposed changes to the definition of maquiladora operations
The Chamber of Deputies passed a reviewed version of the federal government’s legislative proposals for tax reform on 17 October 2013. With respect to the maquiladoras tax regime, the definition of a “maquiladora operation” would be
See MoreMexican Chamber of Deputies approves tax reform bill
A tax reform package, presented by Mexico’s federal government in September 2013, is proceeding through the legislative process. A congressional committee (the Finance and Public Credit Committee of the Chamber of Deputies) considered the proposed
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