Doing Business

Doing Business in Mexico 2015

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211 Doing Business in Mexico 2015 Payments to residents of treaty countries As of January 2014, the treaties with the following countries are pending ratification while waiting for the completion of specific formalities by the respective governments in order to become effective, have not been published yet in the Official Gazette, or are under negotiation: Jamaica, Lebanon, Malaysia, Malta, Morocco, Nicaragua, Pakistan, Peru, Saudi Arabia, Slovenia, Thailand, Turkey, United Arab Emirates, and Venezuela. During the last decade, Mexico has embarked on a policy of negotiating a network of tax treaties with its principal trading and investment partners, these treaties provide reduced tax withholding rates. These include the following: Dividends Portfolio Substantial holdings Interest Royalties % % % % Australia 15 0 (1) 10, 15 (25) 10 Austria 10 5 (4) 10 10 Bahrain 0 0 4.9/10(20) 10 Barbados 10 5 (1) 10 10 Belgium 15 5 (2) 10, 15 (16) 10 Brazil 15 10 (6) 15 10, 15 (27, 29) Canada 15 5 (4) 10 10 Chile 10 5 (6) 5, 15 (26) 5,10 (29,30) China 5 (7) 5 (7) 10 10 Colombia 0 0 5/10 10 Czech Republic 10 (7) 10 (7) 10 10 Denmark 15 0 (3) 5, 15 (17) 10 Ecuador 5 (7) 5 (7) 10, 15 (16) 10 Estonia 0 0 4.9/10 10 Finland 0 0 10, 15 (24) 10 France 0, 5 (9) 0, 5 (9) 5, 10 (17, 29) 10 (29) Germany 15 5 (1) 5, 10 (18) 10 Greece 10 (7) 10 (7) 10 10 Hong Kong 0 0 4.9/10 (20) 10 Hungary 15 5(1) 10 10 Iceland 15 5 (1) 10 10 India 10 (7) 10 (7) 10 10 (31) Indonesia 10 (7) 10 (7) 10 10 Ireland, Rep. of 10 5 (4) 5, 10 (17, 29) 10 Israel 10 5 (10) 10 10 Italy 15 (7) 15 (7) 10 (29) 15 Japan 15 5 (8) 10, 15 (25) 10 Korea, Rep. of 15 0 (1) 5, 15 (17) 10 Kuwait 0 0 4.9/10 (20) 10 Latvia 10 5 5/10 10 Lithuania 15 0 10 10 Luxembourg 15 8 (11) 10 10 Netherlands 15 0 (12) 5, 10 (21) 10 (28) New Zealand 15 (7,13) 15 (7,13) 10 10 Norway 15 0 (3) 10, 15 (16) 10 V

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