Mexico
A. Progress in the implementation of the minimum standard
Mexico has 60 tax agreements in force, as reported in its response to the Peer Review questionnaire. Three of those agreements, the agreements with Argentina, the Philippines* and Spain, comply with the minimum standard.
Mexico signed the MLI in 2017, listing its non-compliant agreements.
Mexico is implementing the minimum standard through the inclusion of the preamble statement and the PPT combined with the LOB.1
The agreements that will be modified by the MLI will come into compliance with the minimum standard once the provisions of the MLI take effect.
B. Implementation issues
Mexico’s listed agreements under the MLI will start to be compliant after Mexico’s ratification of the MLI. Mexico is encouraged to ratify the MLI as soon as possible. Mexico indicated that the MLI had been presented to its Parliament in November 2018.
Note
← 1. For 57 of its agreements listed under the MLI, Mexico is implementing the preamble statement (Article 6 of the MLI) and the PPT (Article 7 of the MLI). Mexico also opted for the simplified LOB under Article 7(6) of the MLI. Mexico made a reservation pursuant to Article 6(4) of the MLI not to apply Article 6(1) of the MLI with respect to agreements which already contain the relevant preamble language and a reservation pursuant to Article 7(15)(b) of the MLI not to apply Article 7(1) of the MLI with respect to agreements which already contain a PPT Three of Mexico’s agreements are within the scope of the reservations.