COMPETENT AUTHORITY ARRANGEMENTCompetent Authority Arrangement • September 10th, 2015
Contract Type FiledSeptember 10th, 2015On April 9, 2014, the Department of the Treasury of the United States of America and the Ministry of Finance and Public Credit of the United Mexican States signed an intergovernmental agreement (“IGA”) entitled, Agreement between the Department of the Treasury of the United States of America and the Ministry of Finance and Public Credit of the United Mexican States to Improve International Tax Compliance Including with Respect to FATCA. The IGA requires, in particular, the exchange of certain information with respect to U.S. and Mexican Reportable Accounts on an automatic basis, pursuant to the provisions of the Convention on Mutual Administrative Assistance in Tax Matters, done at Strasbourg on January 25, 1988 (the “Mutual Assistance Convention”); Article 27 of the Convention between the Government of the United States of America and the Government of the United Mexican States for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income, d