Tax Regimen 2010

(Derivatives)

EQUITY

Market Profits

v      Local Individual Stocks Physical Delivery or Cash Settlement

v      Foreign individual stocks Physical Delivery or Cash Settlement

v      Mexican Stock Exchange Index (IPC)

v      Exchange Rate

Residents  in Mexico

Rate and Modality

Individuals

Without Withholding

(Art 109 frac XXVI) LISR

v      Local Individual Stocks Physical Delivery or Cash Settlement

v      Foreign individual stocks Physical Delivery or Cash Settlement

v      Mexican Stock Exchange Index (IPC)

v      Physical Delivery or Cash Settlement

For  Exchange  Rate:

Wihholding of 25% on the monthly net gain in transactions with the same institution. (Art. 171)

Always acumulable.

Corporations

Without Withholding

Always accumulable

Foreigners

Rate and Modality

Individuals y Corporations

 Without Withholding ( Art. 190, 192 y 109 frac XXVI LISR y Art 264  LISR)

DEBT

Market Profits

v      Interest Rates

v      Government debt Securities

v      Physical Delivery or Cash Settlement

Residents in Mexico

Rate and Modality

Individuals

Wihholding of 25% on the monthly net gain in transactions with the same institution. (Art. 171)

Always acumulable.

If it is settled by giving the security, the party who receives it must withhold 0.85% on capital, unless it is a tax-exempt title.

Corporations

Without Withholding

Always accumulable

Foreigners

Rate and Modality

Individuals y Corporations

Without withholding (Art 199 LISR).

Notes

(1)  This table is just for informative purposes, this institution is not liable for omissions or law interpretations besides it does not involve any recomendation on purchasing or saling decisions, it is exclusive responsability of the reader. Any individual or corporation resident in national or foreign territory must take consulting services for a better interpretation and the correct meaning of this law to prevent dual taxation, in order to performance responsabilities.