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.