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International updates - October 2016

The latest international updates from our correspondents around the world.

October 07 2016

Taxpayers struggle to win tax disputes in Brazil

Taxpayers have won less than a third of cases in Brazil’s Carf (conselho administrativo de recursos fiscais) courts since it reopened in December 2015, leading to expensive appeals.

Joelle Jefferis, October 06 2016

Businesses to be penalised for unknown involvement in VAT fraud

Companies will have to take extra care to ensure their transactions have no connection with VAT fraud to avoid new sanctions proposed by the UK government.

Anjana Haines, October 05 2016

Donna McComber returns to Baker and McKenzie

The former assistant director of the advance pricing and mutual agreement programme at the IRS in the US has rejoined Baker and McKenzie as a director of economics.

Joelle Jefferis, October 05 2016

Download

The 13th edition of Latin America is available as a downloadable PDF.

October 04 2016

LATCO insight in light of BEPS and other developments

Deloitte practitioners from LATCO (Latin America Countries Organisation – which covers all countries in the region except Brazil, Chile and Mexico) have collaborated to prepare a list of highlights on each of the covered countries in order to direct your attention to any issues that might affect your multinational group.

October 04 2016

Mexico’s transfer pricing update – A rapidly changing post BEPS environment

In the hype of the BEPS Project, Mexico has been one of the most active countries in applying the concepts of substance, transparency and consistency, write Simón Somohano and David Cárdenas of Deloitte.

October 04 2016

Reinforcement of IRS control and supervision powers

The 2014 Tax Reform Act and the 2016 Tax Reform Amendment Act gave the Chilean tax regulator new tools to contact taxpayers, request information, initiate examination processes and potential tax audits, and even to declare the termination of activities for certain businesses, write Roberto Carlos Rivas and Josefina Casals of PwC Chile.

October 04 2016

Foreign exchange fluctuation and its impacts within the context of transfer pricing

Around 20 years ago the Brazilian Government, in order to deter tax evasion in the country, introduced rules aimed at avoiding the undue transfer of profits through transactions conducted between multinational companies and their parents or associates abroad, writes Carlos Ayub of Deloitte Brazil. Since then, all movements of goods, services, and rights between entities in the same group have been subject to transfer pricing rules.

October 04 2016

Increasing tax transparency in Central America

Global transparency is one of the hottest topics of discussion in the policy agendas of governments around the world. Developed and developing countries alike are being urged to establish a more robust legal framework in an effort to meet international standards on tax transparency, write Rafael Sayagués, Alexandre Barbellion and Isabel Chiri of EY Central America.

October 04 2016

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