Mexico Tax News
Main tax reform submitted to Congress
2 July 2007
Discussion draft on application and interpretation of non-discrimination article of OECD Model – details
18 June 2007
Maquiladora
28 May 2007
Treaty between New Zealand and Mexico ratified
28 May 2007
Revised Commentary on Article 7 of OECD Model released
28 May 2007
Treaty between Mexico and Canada ratified
28 May 2007
Treaty between Slovak Republic and Mexico – details
28 May 2007
Treaty between Brazil and Mexico clarified – MFN clauses
28 April 2007
Final Report on Improving the Resolution of Tax Treaty Disputes
24 March 2007
Treaty between Brazil and Mexico enters into force
24 February 2007
Report on Attribution of Profits to PEs released
24 February 2007
2007 Budget Bill submitted to Congress
15 January 2007
Research and development tax benefit
15 January 2007
Treaty between Mexico and New Zealand – details
17 December 2006
Treaty between Mexico and Panama – negotiations to start
12 November 2006
Treaty between Mexico and Canada – details
12 November 2006
Ruling on profit attribution between Belgian headquarter and Mexican branch published
9 April 2006
The first-time income and capital tax treaty between Greece and Mexico signed on 13 April 2004, entered into force on 7 December 2005. The treaty generally applies from 1 January 2006.
19 February 2006
US and Mexico sign revised mutual agreement on eligibility of fiscally transparent entities to claim treaty benefits
19 February 2006
The first-time income and capital tax treaty between Greece-Mexico, signed on 13 April 2004, has been ratified in Greece by way of Law 3406/2005 and published in the Official Gazette of 25 October 2005, Volume A, No. 265. Further details of the treaty will be reported subsequently.
6 December 2005
Restrictions on application of thin capitalization regime
6 December 2005
Taxation of dividends and registered private debt According to a proposal submitted to the parliament on 30 September 2005, the withholding tax rate on dividends distributed to both resident and non-resident shareholders will be set at 20%. (Currently, the rates are 15% for dividends paid to resident recipients and 25% for dividends distributed to non-resident shareholders.)
16 October 2005
Treaty definition of "business profits" clarified 2005 tax reform treaty override?
16 October 2005
US and Mexico reach mutual agreement on eligibility of fiscally transparent entities to claim treaty benefits
16 October 2005
Iceland and Mexico initialled a first-time income tax treaty on 7 April 2005.
9 June 2005
The corporate income tax rate is reduced to 30% in 2005. The rate will be 29% for 2006 and 28% for 2007.
9 June 2005
The first-time income tax treaty and protocol between Mexico and Indonesia, signed on 6 September 2002, entered into force on 28 October 2004. The treaty generally applies from 1 January 2005.
19 January 2005