The US Internal Revenue Service (IRS) has announced that the United States and Mexico have reached a mutual agreement regarding the eligibility of fiscally transparent entities to claim benefits under the Mexico-United States income tax treaty and amending protocols. The announcement was made in News Release IR-2005-107 dated 19 September 2005.
The Agreement states that the Competent Authorities agree that in applying Para. 2(b) of the Protocol signed on 18 September 1992, dealing with t…