Client Alert: Mexican Senate Approves Tax Treaties with Saudi Arabia and the Philippines

On October 3, the Senado de la República (the “Mexican Senate”) approved a pending tax treaty between the United Mexican States and the Kingdom of Saudi Arabia that avoids double taxation and prevents fiscal evasion of income taxes.  The treaty was originally signed in Riyadh on January 17, 2016.  The Mexican Senate also approved a similar tax treaty with the Republic of the Philippines, originally signed in Manila on November 17, 2015.