Protocol 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
See MoreMexico’s 2013 Revenue Decree Postpones Corporate Rate Cut
It was reported on 19 December 2012 that the first Federal Revenue Decree issued by the Mexican government to cover its operations in 2013 includes, in particular, a delay to the proposed cut in corporate income tax. The Decree, which was published
See MoreIncome Tax Treaty between Lithuania and Mexico enters into force
Mexico and Lithuania signed an Income Tax Treaty on 23 February 2012. The treaty has come into force on 29 November 2012, and will be applicable from 1 January 2013. Under the provisions of the treaty an enterprise will have a permanent
See MoreMexico’s new DTAs with Lithuania and Ukraine
Mexico’s new double taxation agreement (DTAs) with Lithuania and the Ukraine will enter into force on November 29, 2012, and December 6, 2012,
See MoreEstonia and Mexico Sign DTA
On October 19, in Mexico City, the Estonian Foreign Minister and Mexico’s Minister of Finance signed a double taxation agreement (DTA) between their two countries. The agreement sets out the allocation of taxing rights between the two
See MoreLatvia’s parliament approves a law to ratify a DTA and an amending Protocol signed with Mexico
According to media reports, Latvia's parliament has approved a law that would ratify a double taxation agreement (DTA) and an amending Protocol signed with Mexico. The parliament has also undertaken a second reading of a draft Protocol to the 2004
See MoreMexico and Qatar Sign DTA
On May 14, 2012 Mexico’s Deputy Secretary of the Treasury and Public Credit and Qatar's Director of Public Revenues and Taxes signed a double taxation agreement (DTA) between their two countries. It can be expected that the agreement will
See MoreBrazil, Mexico Clash over Auto Agreement
According to reports on 19 March 2012 the Mexican government has resisted the Brazilian government's request to significantly limit car imports for the next three years in talks initiated after Brazil threatened to walk away from a long-standing
See MoreFTA between Peru and Mexico Comes Into Force
An updated free trade agreement (FTA) between Peru and Mexico, which extends preferences to 12,000 tariff lines, entered into force on February 1, 2012. The agreement, signed on April 6, 2011, supersedes the existing 8th Economic Complementation
See MoreMexico: Extension of the tax break for Export Companies
To provide incentives to the country’s export companies the President of Mexico has announced extension of the corporate tax break under the IMMEX scheme to December 31, 2013. The scheme has now been extended for another two years, from their
See MoreTax Treaty Amended between Mexico and Singapore
Amendments in the Mexico-Singapore Tax Treaty has been approved by the Mexican Senate and published in the Federal Official Gazette. It is expected that these amendments will increase cooperation between the two countries for sharing information on
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