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

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