On 30 April 2015, the Mexican Senate approved the law for the ratification of the pending income tax treaty with Costa Rica. The Treaty, signed 12 April 2014, is the first of its kind between the two countries. Taxes Covered The treaty covers Costa Rican income tax, and Mexican federal income tax. Withholding Tax Rates Dividends - 5% if the beneficial owner is a company directly holding at least 20% of the paying company's capital, otherwise 12% Interest - 10% Royalties - 10% Capital Gains The following capital gains derived by a resident of one Contracting State may be taxed...