In a series of exclusive interviews, Matthew Gilleard talks to five Brazilian taxpayers from the automobile, chemical, IT and oil and gas industries about recent and future challenges, their relationships with the tax authorities, and what measures they would recommend to authorities and legislators to improve taxpayer-tax authority interactions in the future.
The Argentine oil and gas sector faces a turning point after the discovery of a large, untouched oil and gas site three years ago which has led to policy changes aimed at maximising the economic benefits for the country. Pablo Belaich, Daniel Dasso and Carlos Casanovas, of EY, analyse the latest developments.
Due to the non-conformity of Brazil’s transfer pricing rules to international norms, navigating the country’s transfer pricing environment can be a turbulent affair. Marcelo Natale, Carlos Ayub, Fernando Matos and Alexandro Tinoco, of Deloitte’s Sao Paulo office, analyse the options for multinational groups operating in the country.
Horacio Dinice and Adolfo Raso, with the assistance of transfer pricing leaders from Deloitte LATCO (Latin America Countries Organisation – a cluster that includes all countries from the region except Brazil, Chile and Mexico), introduce new rules in Central America and describe hot issues in South America.
Though the regulations covering Mexican transfer pricing have been stable for several years, with no significant changes since 2006, many uncertainties remain for taxpayers. Simón Somohano and Jorge Mesta, of Deloitte, explore how more detailed guidance could take the Mexican transfer pricing environment to the next level.
The practice of sharing tax information has never been more widespread, epitomised by initiatives such as the US Foreign Account Tax Compliance Act (FATCA) and the inter-governmental agreements that come with it. Eduardo Ocampo Gayón of Muñoz Manzo y Ocampo, looks at how this global trend is impacting taxpayers in Mexico.