Copyright 1996
InterAm Database
National Law Center for Inter-American Free Trade


November 9, 1989

PROTOCOL (1994)

Date of Conclusion: 8 September 1994
 
Entry into Force: Not yet in force

Effective Date: Not yet effective
 
 
Protocol that Modifies the Agreement Between the United States of America 
and the United Mexican States for the Exchange of Information with Respect to 
Taxes, signed at Washington, DC, on

November 9, 1989
 
The United States of America and the United Mexican States, desiring to
amend the Agreement for the Exchange of Information with Respect to 
Taxes, signed on November 9, 1989, have agreed as follows:
 
1.  To amend paragraph 4 of Article 2 (Taxes covered) to read as 
follows:
 
4.  This Agreement shall also apply to taxes imposed by a state,
municipality, or other political subdivision or local authority of a
Contracting State. However, this agreement shall not apply to taxes 
imposed by a possession of a Contracting State."
 
2.  To amend paragraph 4(b) of Article 4 (Exchange of information) to 
read as follows:
 
(b) if the United States is requested to obtain the types of information
covered by section 3402 of the Right of Financial Privacy Act of 
1978 (12 USCA 3402) as in effect at the time of signing this 
agreement, it shall obtain the requested information pursuant to 
that provision or any other similar or equivalent provision that 
may be added to or substituted for the above-mentioned provision. If
Mexico is requested to obtain the types of information covered by
Article 117 of the Credit Institutions Law as in effect at the time 
of signing this Agreement, it shall obtain the requested information
pursuant to that provision or any other similar or equivalent 
provision that may be added to or substituted for the 
above-mentioned provision. Laws or practices of the requested State 
do not prevent or otherwise affect the authority of the competent
authority of the requested State to obtain and provide the types of
information covered by the above-cited provisions pursuant to the
Agreement."
 
This Protocol shall enter into force upon an exchange of notes by the 
duly authorized representatives of the Contracting States confirming 
their mutual agreement that both sides have met all constitutional and
statutory requirements necessary to effectuate this Protocol. This 
Protocol shall remain in force as long as the Agreement being amended 
remains in force.
 
In witness whereof, the undersigned, being duly authorized thereto by 
their respective Governments, have signed this Protocol.
 
Done at Mexico City, on the 8th day of September, 1994, in duplicate, in 
the English and Spanish languages, both texts being equally authentic.