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Stepping up and bouncing back – ITR’s Latin America Special Focus launched


As Latin America continues on the road to recovery, ITR looks forward by partnering with leading tax advisors to examine Latin America’s tax landscape for 2021.

Latin America is expected to make a ‘moderate recovery’ following the global impact of COVID-19, according to the World Bank, with reports of a forecasted growth of 5.2% for 2021. Economic conditions are improving - the rebound may be slower than hoped but progressive steps are being taken in the right direction.

ITR brings you exclusive coverage from experts across Latin America on the most significant tax and TP-related developments.

Baker McKenzie’s practitioners provide an insight on the general anti-avoidance rules and the potential the rules have to strengthen the tax system across Latin America.

Deloitte’s TP experts report on the mandatory disclosure regime obligations in Mexico and the trends in TP audits across Central America. The Deloitte Brazil team focus on why local entities in Brazil continue to be affected by an increase on taxable adjustments arising from TP matters. As Colombia, Peru and Venezuela take steps to advance their TP models, the Deloitte team explain the approach each country is adopting.

Basham Ringe & Correa’s article discusses Mexico’s Income Tax Law, the US–Mexico tax treaty and the provision that requires foreign residents to pay a 10% tax on dividends paid to Mexican companies.

Chile has experienced several tax reforms, which have substantially changed the tax scene in Chile. EGB Abogados describe how the reforms are promoting growth in this most developed Latin America country. The Deloitte team provide a valuable insight on changes to tax planning reporting in Argentina and the new transfer pricing obligations in Chile.

We hope you enjoy this year's edition of the Latin America guide.

Click here to read all the chapters from ITR's Latin America Special Focus


more across site & bottom lb ros

More from across our site

Lawmakers have up to 120 days to decide the future of Brazil’s unique transfer pricing rules, but many taxpayers are wary of radical change.
Shell reports profits of £32.2 billion, prompting calls for higher taxes on energy companies, while the IMF has warned Australia to raise taxes to sustain public spending.
Governments now have the final OECD guidance on how to implement the 15% global minimum corporate tax rate.
The Indian company, which is contesting the bill, has a family connection to UK Prime Minister Rishi Sunak – whose government has just been hit by a tax scandal.
Developments included calls for tax reform in Malaysia and the US, concerns about the level of the VAT threshold in the UK, Ukraine’s preparations for EU accession, and more.
A steady stream of countries has announced steps towards implementing pillar two, but Korea has got there first. Ralph Cunningham finds out what tax executives should do next.
The BEPS Monitoring Group has found a rare point of agreement with business bodies advocating an EU-wide one-stop-shop for compliance under BEFIT.
Former PwC partner Peter-John Collins has been banned from serving as a tax agent in Australia, while Brazil reports its best-ever year of tax collection on record.
Industry groups are concerned about the shift away from the ALP towards formulary apportionment as part of a common consolidated corporate tax base across the EU.
The former tax official in Italy will take up her post in April.