Mexico Tax News

Ruling on profit attribution between Belgian headquarter and Mexican branch published

9 April 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 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

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

Treaty definition of "business profits" clarified 2005 tax reform treaty override?

16 October 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

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