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 comply with the minimum standard.
Mexico signed the MLI in 2017, listing its non-compliant agreements. 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.
Mexico has signed a bilateral complying instrument with respect to its agreement with Germany.
Mexico is implementing the minimum standard through the inclusion of the preamble statement and the PPT combined with the LOB.1
Note
← 1. For 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 has also adopted the simplified LOB under Article 7(6) of the MLI. Mexico has 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 (covering four agreements). Mexico has also made 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 (covering three agreements).