Deloitte Andean States

Colombia, Peru, and Venezuela have taken steps to update their tax legislation, suggesting that the Andean states are paying closer attention to compliance, write Bruno Urrieta Farías, Jenny Morón and Iliana Salcedo of Deloitte.

Colombia, Peru and Venezuela have all taken steps to advance their transfer pricing models, explain Deloitte’s practitioners. The developments suggest that tax authorities in the Andean states are pressing for better fulfilment of formal TP obligations.

Colombia, Peru and Venezuela have all taken steps to renovate their tax legislation, write Deloitte’s practitioners. The developments suggest that tax authorities in the Andean states are paying closer attention to compliance and reporting functions as they seek to expand their credibility at a global level.