Mexico-S'pore tax pact

Mexico-S'pore tax pact

SINGAPORE (AFP): Mexico and Singapore signed yesterday a tax agreement to promote bilateral trade and investment, and the exchange of expertise, officials said.

The agreement was signed by the Mexican Secretary for External Relations, Manuel Tello and Singapore's Finance Minister Richard Hu.

A finance ministry statement said that apart from removing double taxation, the pact provided clearer provisions on taxing rights between Singapore and Mexico on all forms of income flow.

"The details of the agreement will be released after it has been ratified," the statement said.

Tellow, who arrived here Tuesday for a three-day visit, held talks with Prime Minister Goh Chok Tong and the Foreign Minister Shunmugam Jayakumar yesterday.