Mexico Approves Tax Treaty with Costa Rica

On 30 April 2015, the Mexican Senate approved the law for the ratification of the pending income tax treaty with Costa Rica. The Treaty, signed 12 April 2014, is the first of its kind between the two countries.
Taxes Covered
The treaty covers Costa Rican income tax, and Mexican federal income tax.
Withholding Tax Rates
- Dividends - 5% if the beneficial owner is a company directly holding a…