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Finding firm foundations: ITR’s Latin America Special Focus launched


From bedding in international TP standards to catching up with the latest cryptocurrency tax issues, ITR’s 2023 Latin America guide reports on a region that is still finding its footing.

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

Casting an eye over the Latin American tax landscape, one finds a region emerging from flux. Still reeling from the COVID-19 pandemic and navigating out of the familiar economic headwinds faced globally, the jurisdiction is seeking stability via a widespread evolution of transfer pricing legislation.

Deloitte Chile’s Vanesa Lanciotti reports on Chile’s attempts to arrest economic and political uncertainty through advancing TP regulation and more stringent auditing. She outlines steps multinational companies should take to stay compliant in the country.

It was a similar story in Colombia, as Deloitte Colombia explains the country’s plan to balance its finances and attract foreign investment via increased TP attention. Likewise, Deloitte Peru highlights the nation’s recent efforts to demystify its TP rules for cross-border commodity deals.

Silvana Blanco of Deloitte Argentina provides an overview of Argentina’s increased focus on customs valuation and TP issues, with key lessons for multinational corporations.

The article from Deloitte Brazil focuses on the latest legislative steps taken by Brazil as it attempts to conform to international TP standards, in line with its goal of joining the OECD.

Authors from Deloitte Mexico review a host of significant Mexican tax reforms from 2022, which have led to an increased set of TP requirements for taxpayers to consider. Similarly, authors from Deloitte’s Central America offices provide key TP regulatory updates, with insights from Guatemala, Dominican Republic, Costa Rica, Honduras, Nicaragua and Panama.

Finally, Copper Wolf reports on Mexico’s legislative attempts to grapple with the rising use of cryptocurrency, with potentially significant implications for both direct and indirect tax.

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

The General Court reverses its position taken four years ago, while the UN discusses tax policy in New York.
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Pillar two might be top of mind for many multinational companies, but the huge variations between countries’ readiness means getting ahead of the game now, argues Russell Gammon, chief solutions officer at Tax Systems.
ITR’s latest quarterly PDF is going live today, leading on the looming battle between the UN and the OECD for dominance in global tax policy.
Company tax changes are central to the German government’s plan to revive the economy, but sources say they miss the mark. Ralph Cunningham reports.
The winners of the ITR Americas Tax Awards have been announced for 2023!
There is a ‘huge demand’ for tax services in the Middle East, says new Clyde & Co partner Rachel Fox in an interview with ITR.
The ECB warns the tax could leave banks with weaker capital levels, while the UAE publishes guidance on its new corporate tax regime.
Caroline Setliffe and Ben Shem-Tov of Eversheds Sutherland give an overview of the US transfer pricing penalty regime and UK diverted profits tax considerations for multinational companies.
The result follows what EY said was one of the most successful years in the firm’s history.