Treaty between New Zealand and Mexico enters into force

The first-time income tax treaty and protocol between New Zealand and Mexico , signed on 16 November 2006, will enter into force on 16 June 2007. In New Zealand the treaty applies from 1 August 2007 in respect to withholding taxes and 1 April 2008 in respect to other taxes. In Mexico it applies from 1 August 2007 in respect to withholding taxes and 1 January 2008 in respect to other taxes.