Tag Archives: Double Taxation Treaty

ILN Today Post

THE BENEFIT OF DOUBLE TAXATION RELIEF: CAPITAL ACQUISITIONS TAX

INTRODUCTION

Double taxation can arise where one country imposes tax on world wide assets of the deceased and another country imposes tax because some of the deceased’s property is situated within its jurisdiction. It could also arise where both countries impose tax by reference to the domicile of the deceased or residence of the deceased. It is often the case that different countries apply a different basis of taxation, generally on any of the following grounds:-

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ILN Today Post

Argentina and Mexico enter into a Double Taxation Treaty (DTT)

Argentina and Mexico have entered into a Double Taxation Treaty (DTT). Entry into force is yet pending. We estimate that the provisions of the agreement shall have effect as from fiscal year beginning on January 1st, 2018.

Some relevant provisions applicable to intercompany transactions are as follows:

1) Interests: Withholding tax may not exceed 12% (reduced from 35% Argentine withholding tax rate).

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