OrbitaxTreaty between United States and Mexico – IRS to evaluate whether Mexican impuesto empresarial a tasa única qualifies for US tax credit
|Treaty Development|US-Mexico
The US Internal Revenue Service (IRS) has announced that it and the US Treasury Department are evaluating whether the newly adopted Mexican impuesto empresarial a tasa única (IETU) can qualify for a US tax credit under Art. 24(1) (Relief from Double Taxation) of the 1992 US-Mexico tax treaty.
The announcement was made in IRS Notice 2008-3. The notice states that t…
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