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On behalf of our Deloitte colleagues that focus on transfer pricing issues within the Latin American and Caribbean region, I am pleased to present this selected collection of thought papers on relevant developments and issues occurring across the region. Over the past few years, increasing trade and investment flows have fuelled a robust economic growth in many Latin American countries. As a result, it is not surprising that the region has enthusiastically embraced the arm's-length principle and enacted specific legislation to provide more certainty to domestic and foreign investors. A solid statement to this trend can be found in the number of Central American and Caribbean countries that have implemented transfer pricing rules inspired by the OECD's Transfer Pricing Guidelines in the past couple of years.

Speaking to taxpayers in Latin America, it is clear that discontent is one emotion that dominates their feeling towards a region that is not afraid to diverge from standard practices, and where distrust between taxpayers and tax authorities often abounds.

The international landscape of indirect taxes is being transformed at a swift pace and many of the changes represent profound challenges for multinational enterprises, argues Philip Robinson of EY.

The Argentine oil and gas sector faces a turning point after the discovery of a large, untouched oil and gas site three years ago which has led to policy changes aimed at maximising the economic benefits for the country. Pablo Belaich, Daniel Dasso and Carlos Casanovas, of EY, analyse the latest developments.

In a series of exclusive interviews, Matthew Gilleard talks to five Brazilian taxpayers from the automobile, chemical, IT and oil and gas industries about recent and future challenges, their relationships with the tax authorities, and what measures they would recommend to authorities and legislators to improve taxpayer-tax authority interactions in the future.

Though the regulations covering Mexican transfer pricing have been stable for several years, with no significant changes since 2006, many uncertainties remain for taxpayers. Simón Somohano and Jorge Mesta, of Deloitte, explore how more detailed guidance could take the Mexican transfer pricing environment to the next level.

Christophe Planchamp and Nicolas Devillers of ATOZ – Taxand look at basic principles concerning the VAT situation of holding companies as well as their right to recover input VAT.

Sarah Chin & Li Qun Gao of Deloitte explore the evolving challenges of a single VAT system

The practice of sharing tax information has never been more widespread, epitomised by initiatives such as the US Foreign Account Tax Compliance Act (FATCA) and the inter-governmental agreements that come with it. Eduardo Ocampo Gayón of Muñoz Manzo y Ocampo, looks at how this global trend is impacting taxpayers in Mexico.

The Inland Revenue Authority of Singapore (IRAS) has achieved yet another record collection of GST for the fiscal year ending March 31 2013, write Lam Kok Shang and Gan Hwee Leng of KPMG.