To print this article, all you need is to be registered or login on Mondaq.com.
The treaty between Mexico and Singapore, signed on 9 November 1994, is effective in Mexico as of 1 January 1996. In Singapore the treaty is generally effective as of 1 January 1997.
Under the treaty, dividends are exempt from withholding tax in the source state. The withholding tax on interest is 5% if the beneficial owner of the interest is a bank, otherwise the rate is 15%. Royalties are subject to a 10% withholding tax.
Generally, both countries use the ordinary credit method for the elimination of double taxation.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
For further information contact Deirdre Silberstein, Washington, on +1 202 955 4000 or enter a text search "Deloitte & Touche" and "Business Monitor".
POPULAR ARTICLES ON: Accounting and Audit from Mexico