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Mexican Senate Approves Tax Treaties

by Mike Godfrey, Tax-News.com, Washington

03 May 2017


Mexico's Senate has approved a new double taxation agreement with Argentina, signed in November 2015.

The agreement allocates the taxing rights to income accruing from cross-border trade or investment, to ensure the same income is not taxed twice.

Subject to certain conditions set out in the agreement, withholding taxes may be capped at 10 percent for dividends, 12 percent for interest, and either 10 or 15 percent for royalties and technical services.

The Senate also approved a Protocol to the nation's DTA with Spain.

TAGS: tax | investment | interest | royalties | Mexico | withholding tax | Spain | dividends | trade | Argentina | services | South America

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