Global Tax Center - Latin America

In today’s world of increasing regulation, expanding cross-border operations, and evolving technologies, the global corporate tax landscape is shifting to a level of mind-boggling complexity. At the same time, tax teams are under rising pressure to not only get the job done but to:

• Gain control
• Reap more from less
• Discover value
• Build confidence
• Face the future

What’s a multinational corporation (MNC) to do?

Deloitte has you covered. Our Global Tax Centers (GTCs) in EMEA, APAC, Africa, and Latin America provide transparent, consistent coordination across regions or countries for your compliance and reporting needs worldwide. The centers work together as a network to bring cross-border, centralized oversight and governance to the delivery of local tax filings. For MNCs with operations in Latin America, you can turn to the Deloitte Global Tax Center-Latin America (GTC-Latam) to support your regional tax needs.
 

GTC-Latam

Our GTC-Latam is comprised of some 300 professionals with complementary skills in tax, accounting, finance, and information technology. Through the proven combination of a central governance model and in-country tax technical specialties, supported by consistent processes and world-class technology, we deliver heightened visibility, control, and insights, with a keen focus on providing clients:

• Regional coordination
• Agility
• Competitive costs

Our services

Our leading processes, tools, and technologies allow us to prepare tax returns swiftly and precisely. We effectively work with your teams, including your tax department, finance groups, and shared services center, to provide a consistent standard of quality services both locally and regionally.

The service offerings of the GTC-Latam include:

Direct taxes

• Annual and interim corporate income tax returns
• Calculation of advance payments
• Local business taxes

Indirect tax returns 

• VAT
• Withholding
• Other local filings

Tax provision

• Local statutory provision
• Global tax provision
• Return to provision reconciliation

Statutory accounting

• Annual preparation of financial statements
• Conversion to local GAAP

Advisory services

• Tax planning
• Entity and corporation de-registration

Transfer pricing

• Documentation
• Country-by-country reporting

In Latin America, our services can be extended to include finance, accounting, and payroll outsourcing. When combined with our tax compliance capabilities, these services enable us to create synergies for our clients across the entire record-to-report spectrum.

Powered by technology

Imagine if you could realize enhanced visibility, streamlined data retrieval, personalized interaction, and improved reaction and response times. Our secure, easy-to-use engagement management platform called myInsight provides those benefits by offering:

• Real-time access to deliverables, deadlines, filing status, and legislative updates;
• Accelerated issue escalation;
• Globally-standardized analytics in English via our proprietary tax memo;
• Connection via a global platform for a unified vision; and
• Smart, customizable dashboards with analytics insights.

Staying a step ahead

In many jurisdictions (e.g., Brazil, Mexico, Colombia, Chile), government mandates are calling for increased frequency and volume of data reporting

Across the Americas region, Deloitte has invested in developing world-class technology solutions in response to these requirements, incorporating robotic process automation (RPA), cognitive learning, and other emerging technologies.

These leading-edge proprietary solutions range from the automated extraction of information from the tax authority’s systems, to mapping trial balances and running auto adjustments on the provision calculation, to providing global analytics on your regional and global tax position.

As a result, you can be confident in the quality of your compliance and shift your focus to the insights gleaned from your data. 

 

GTC-Latam in action

After an acquisition that required a change in providers, a leading global enterprise software company turned to Deloitte’s GTC-Latam for compliance and reporting services in Latin America. The GTC-Latam team responded at lightning speed, moving quickly to stabilize the client’s processes and coordinate service across its regional operations.

While handling the client’s tax and reporting needs, GTC-Latam is bringing new levels of transparency and coordination by serving as the single point of contact across the client’s operations in Argentina, Brazil, Chile, Colombia, Mexico, Peru, and Venezuela.

2018 International Tax Review awards

• Americas Tax Compliance & Reporting Firm of the Year –fourth consecutive year
• Americas Tax Technology Firm of the year
• Americas Transfer Pricing Firm of the year