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Latin America (13th Edition)

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    The 13th edition of Latin America is available as a downloadable PDF.

  • Editorial

  • A new beginning for Brazil

    The recent conclusion of the impeachment trial of Dilma Rousseff brings a new wave of optimism to Brazil, but there are huge challenges that the new president will need to tackle fiercely and urgently, say Simone Musa and Adriana Stamato of Trench, Rossi e Watanabe Advogados.

  • Increasing tax transparency in Central America

    Global transparency is one of the hottest topics of discussion in the policy agendas of governments around the world. Developed and developing countries alike are being urged to establish a more robust legal framework in an effort to meet international standards on tax transparency, write Rafael Sayagués, Alexandre Barbellion and Isabel Chiri of EY Central America.

  • Reinforcement of IRS control and supervision powers

    The 2014 Tax Reform Act and the 2016 Tax Reform Amendment Act gave the Chilean tax regulator new tools to contact taxpayers, request information, initiate examination processes and potential tax audits, and even to declare the termination of activities for certain businesses, write Roberto Carlos Rivas and Josefina Casals of PwC Chile.

  • Foreign exchange fluctuation and its impacts within the context of transfer pricing

    Around 20 years ago the Brazilian Government, in order to deter tax evasion in the country, introduced rules aimed at avoiding the undue transfer of profits through transactions conducted between multinational companies and their parents or associates abroad, writes Carlos Ayub of Deloitte Brazil. Since then, all movements of goods, services, and rights between entities in the same group have been subject to transfer pricing rules.

  • Transfer pricing as an Ombudsman tool

    The arm’s-length principle establishes that the conditions agreed between two related enterprises in their commercial or financial transactions cannot be different to those made between independent parties, writes Alejandro Paredes Maldonado of Deloitte Chile. If they differ, the profits of those enterprises may change and will be taxed accordingly.

  • LATCO insight in light of BEPS and other developments

    Deloitte practitioners from LATCO (Latin America Countries Organisation – which covers all countries in the region except Brazil, Chile and Mexico) have collaborated to prepare a list of highlights on each of the covered countries in order to direct your attention to any issues that might affect your multinational group.

  • Mexico’s transfer pricing update – A rapidly changing post BEPS environment

    In the hype of the BEPS Project, Mexico has been one of the most active countries in applying the concepts of substance, transparency and consistency, write Simón Somohano and David Cárdenas of Deloitte.

  • Colombia: a new tax reform in sight

    At the beginning of 2013, and after having had a very hard time trying to convince businesses to support the 2012 tax reform, the government promised that it would file a comprehensive tax reform to better articulate the tax system and in this way avoid the need of making reforms every other year to deal with budget constraints, writes Jaime Vargas, tax managing partner and international tax services leader at EY Colombia.

  • Mexican FIBRA-E update

    As a follow-on of the energy reform, this sector has seen a new-found interest from participants who seek to invest in publicly traded securities. Ricardo Rendón and Carlos Enrique Naime from Chévez, Ruiz, Zamarripa investigate.

International Correspondents