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Amending protocol to treaty between Mexico and Netherlands – details

22 February 2009

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Treaty Development

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Mexico-Netherlands

Details of the amending protocol to the treaty between Mexico and the Netherlands of 27 September 1993, signed on 11 December 2008, have become available. The protocol was concluded in the Netherlands and Spanish languages, each text having equal authenticity. The main amendments to the treaty are summarized below. The amended maximum rates of withholding tax are: -   10% on interest, in general, reduced to 5% for interest from (i) loans of any kind granted by a bank or any other financial institution and (ii) bonds and debentures which are traded regularly and substantially in a recognized securities market...