Publication: Magyar Közlöny
Issue: MK-2011-128 (Year: 2011, Number: 128)
Era: contemporary
Section: 2011. évi CXLV. törvény
Paragraph Index: 1123

2. In accordancewiththe provisionsandsubjectto the limitationsofthe lawsofMexico,asmay beamendedfromtime to timewithoutchangingthegeneralprinciplehereof,Mexicoshallallowitsresidentsasacredit againsttheMexicantax: (a) the Hungarian tax paid on income arising in Hungary, in an amount not exceeding the tax payable in Mexico on such income; and (b) in the case of a company owning at least 10 (ten) per cent of the capital of a company which is a resident of Hungary and from which the first-mentioned company receives dividends, the Hungarian tax paid by the distributing company with respect to the profits out of which the dividends are paid.

Source: https://magyarkozlony.hu/hivatalos-lapok/e5485bbe2b4799f35a054d9c427707c39671831b/dokumentumok/b22cbff19437bd824a6a45069abc926a3646e57f/letoltes