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Agreement to avoid double taxation Mexico ? Colombia. July 2013

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Agreement to avoid double-taxation Mexico-Colombia

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On July 11^th, the Decree of the Agreement between the United Mexican States and the Republic of Colombia to avoid double taxation and prevent income-tax evasion, signed in Bogot�, Colombia on August 13^th, 2009, the ?Agreement?, was published in the Official Gazette of the Federation (DOF). This publication completes the procedure to enforce the Agreement.

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The Agreement is a joint effort between the governments of both countries in order to:

• Avoid double taxation;
• Prevent of tax evasion;
• Exchange information, and;
• Obtain mutual assistance in tax collection.

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The Agreement applies to income taxes of the residents in any contracting State. The Agreement is mainly directed to revenue associated to: maritime and air transport; dividend; interest; royalties; pensions; among others.

The Agreement entered into force on the date of its publication: July 11^th, 2013.

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For additional information, you may contact any of the members of our Corporate & Business Practice Team.