AUSTRALIAN TAX TREATIES

Mexican Agreement  

AGREEMENT BETWEEN THE GOVERNMENT OF AUSTRALIA 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  

(7)  
With reference to paragraph 2 of Article 11,


(a) The term " recognized securities market " means:


(i) in the case of Mexico, stock exchanges duly authorized under the terms of the Stock Market Law ( Ley del Mercado de Valores ) of 2 January, 1975;

(ii) in the case of Australia, a stock exchange authorized under the laws of Australia; and

(iii) any other stock exchange agreed upon by the competent authorities of the Contracting States.


(b) The provisions of this paragraph shall not apply to interest derived from back-to-back loans. In such case, the interest shall be taxable in accordance with the domestic law of the State in which it arises.




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