Tax risks in Latam resemble the dangers of the Amazon rainforest Visiting the Amazon rainforest may not necessarily involve an encounter with a dangerous predator such as a jaguar, anaconda, or caiman.
Central America: Tax amendments and opportunities Reform is in the air for Central America’s tax systems. Alfredo Rodríguez, Diego Martín-Menjívar, Armando Manzanares, Carlos Taboada and Diego Salto Van der Laat of Consortium Legal take a look.
Chilean companies’ tax teams face new challenge Baltazar Marotte of PwC reviews the practical issues confronting tax teams in Chilean companies when devising internal policies for local transactions with related entities.
Facing up to the tax challenge Colombia’s government will have to make some bold tax choices over the coming years to balance its books. Jaime Vargas of EY Colombia examines the likely options
Software taxes in Brazil: Begging for clarity Clarissa Machado Miras of Trench Rossi e Watanabe (in cooperation with Baker McKenzie) provides an overview of Brazil’s uncertain approach to taxing revenues from software. Federal rules and state and municipal authorities all have different opinions.
Colombia’s outdated approach to software Ciro Meza of Baker McKenzie Colombia looks at the simmering controversy over the tax authority’s approach to withholding tax in relation to software licensing.
Mexico grapples with tech sector taxes Mexico’s tough approach to ‘standardised software’, moving ahead of the OECD’s position, leaves a lot of room for uncertainty, write Luis Adrián Jimenez-Robles, Carlos Linares-Garcia and Diana Juarez-Martinez of Baker McKenzie Mexico.
Brazil in the OECD: A TP transformation ahead Carlos Ayub, Deloitte Brazil’s transfer pricing lead partner, examines the country’s transfer pricing rules in light of its desire to join the OECD. Brazil must not delay in reforming its system.
Central America: The double impact of TP and BEPS Tax authorities across the Central American isthmus have been moving at different speeds in their approaches to TP regulations and BEPS, write Byron Martinez, Federico Paz and Roberto Revel-Chion of Deloitte.
Chile’s focus on TP will only grow Chile is set to amend its Tax Code as it ramps up the scrutiny on domestic inter-company TP policies. Alejandro Paredes, transfer pricing lead for Deloitte Chile, looks at the developments.
Mexico clamps down on TP rules Deloitte’s Simon Somohano and Eduardo Campos explain the Mexican tax authority’s latest non-binding transfer pricing criteria, which some have labelled heavy handed.
South America: Taking on the post-BEPS challenge South America is in the throes of implementing the OECD BEPS project with new regulations emerging from every corner of the region, write Deloitte’s Latin America Countries Organisation practitioners. The developments clearly signal a tougher stance by authorities on transfer pricing and indicate that advance pricing agreements may be a key tool of the future.
