MexicoAccounting and Audit
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.
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