Mexico takes first steps to ratify MLI

On 6 October 2022, the Mexican Senate’s joint committee of the Ministries of Foreign Affairs and Treasury approved the MLI.

The MLI will allow the tax treaties entered into force by Mexico to be effectively amended without the need of bilateral negotiations. The MLI will only impact bilateral tax treaties listed as Covered Tax Agreements (CTAs) by both Contracting Jurisdictions.

The deposit of the instrument of ratification of the MLI for its entry into force for Mexico may trigger several implica…