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Mexico Singapore Double Taxation TreatyOctober 2009 Mexico and Singapore signed on September 29, 2009 a new protocol amending the existing tax treaty between the two countries. The new agreement incorporates international standards for exchange of information between both countries. The protocol will enter into force after ratification procedures in both countries. Mexico Proposed Tax Reform 2010September 2009 The Mexican 2010 economic bill presented on September 10, 2009 includes some significant tax changes. According to the bill the corporate income tax rate and the top marginal tax rate for individuals, currently 28%, would rise to 30% in the years 2010-2012. The 30% rate would decrease to 29% in 2013 and 28% in 2014. In addition , a new 2% tax , similar to V.A.T. would be imposed on all businesses to decrease poverty. |
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