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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

Shareholders are set to vote on whether the asset management firm will adopt public CbCR, amid claims of tax avoidance.
US lawmakers averted a default on debt by approving the Fiscal Responsibility Act, but this deal may consolidate the Biden tax reforms rather than undermine them.
In a letter to the Australian Senate, the firm has provided the names of all 67 staff who received confidential emails but has not released them publicly.
David Pickstone and Anastasia Nourescu of Stewarts review the facts and implications of Ørsted’s appeal at the Upper Tribunal.
The Internal Revenue Service will lose the funding as part of the US debt limit deal, while Amazon UK reaps the benefits of the 130% ‘super-deduction’.
The European Commission wanted to make an example of US companies like Apple, but its crusade against ‘sweetheart’ tax rulings may be derailed at the CJEU.
The OECD has announced that a TP training programme is about to conclude in West Africa, a region that has been plagued by mispricing activities for a number of years.
Richard Murphy and Andrew Baker make the case for tax transparency as a public good and how key principles should lead to a better tax system.
‘Go on leave, effective immediately’, PwC has told nine partners in the latest development in the firm’s ongoing tax scandal.
The forum heard that VAT professionals are struggling under new pressures to validate transactions and catch fraud, responsibilities that they say should lie with governments.