Mexico-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
See MoreProtocol to treaty between Indonesia and Mexico signed
Indonesia and Mexico signed an amending protocol to the Indonesia – Mexico Income Tax Treaty (2002) on 7 October 2013. The protocol was signed during the working visit of the President of the United Mexican States to Indonesia on 6 October 2013,
See MoreMexican Tax Authority increases focus on auditing supply chain structures
Recent developments within the Mexican Tax Administration Services (SAT) demonstrate an increased focus on auditing supply chain restructurings. This is in line with international trends in transfer pricing, for example the report on business
See MoreColombia and Mexico DTA will enter into force on 11 July 2013
The Income and Capital Tax Treaty between Colombia and Mexico will enter into force on 11 July 2013. The treaty will be applicable in Mexico from 1 January 2014 and in Colombia from 1 January 2014 for income tax matters and from 11 July 2013 for
See MoreMexico: Mining royalty plan
A proposal to levy a new royalty tax on mining profits in Mexico, the world’s largest producer of silver, passed a congressional committee on 16 April 2013. The proposal would also increase penalties for mining concessions that have not been
See MoreLatvia –Mexico: Treaty enter into force
The treaty between Latvia and Mexico for the avoidance of double taxation which was signed on 20 April 2012 is to enter into force on 2 March 2013. The maximum withholding tax on dividends is 10%, reduced to 5% where the recipient company is the
See MoreMexico: Budget for 2013 has been approved
Congress has approved the Budget for 2013 and published in the Official Gazette on 13 December 2012. In new budget some changes has approved: The corporate income tax rate it will reduce to 29% as from 2014 but 4.9% income tax withholding rate will
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