Tax Regime  2009

EQUITY
Market Profits	v   Local individual Stocks v  Foreign individual stocks v  Mexican Stock Exchange Index (IPC) v  Physical Delivery or Cash Settlement v  Exchange rate
Residents in Mexico	Rate and Modality
Individuals	Without Withholding  (Art 109 frac XXVI) LISR   v  Mexican Stocks v  Foreign Stocks v  Stock Indices (IPC) v  Physical Delivery or Cash Settlement   Exchange rate: ·         Withholding of 25% on the monthly net gain in transactions with the same institution. (Art. 171) ·         Always accumulable
Corporations	Without Withholding Always accumulable
Foreigners	Rate and Modality
Individuals and Corporations	Without Withholding ( Art. 190, 192 y 109 frac XXVI LISR y Art 264 LISR
DEBT
Market Profits	v  Rates v  Government debt Securities v  Physical Delivery or Cash Settlement
Residents in Mexico	Rate and Modality
Individuals	Withholding of 25% on the monthly net gain in transactions with the same institution. (Art. 171) Always accumulable. 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 and 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.