Latin America in Focus
Staying ahead of cross-border operations
Latin America's emergence as a world market has been, and continues to be, accompanied by an upsurge in the complexity of laws, regulations, and practices impacting cross-border operations throughout the region.
Latin America in Focus shares the latest developments with consequences for the region's tax, legal, and overall business environment—developments that businesses and individuals with investments in Latin America cannot afford to ignore.
Click on any of the headings below to read more about the topic.
New rules that apply as from February 2018 bring the supply of digital content by foreign suppliers within the scope of
The two treaties incorporate measures from the OECD multilateral instrument, even though Brazil has not yet signed the MLI.
Travel-related payments may be treated as business profits under an applicable tax treaty.
The tax authorities have released more guidance on the state VAT treatment of “digital goods,” i.e. goods that are generic and commercialized on a large scale.
Caribbean and Bermuda countries
Reporting financial institutions should be completing their due diligence activities, submitting CRS notifications and preparing reports for submission to their tax authorities.
The tax authorities have issued guidance on the application of the
The new treaty generally follows the OECD model
The legal opinion issued by the tax authorities is designed to prevent taxpayers from receiving a double deduction.
Effective 1 January 2019, companies that are subject to VAT and consumption tax in Colombia will be required to issue electronic invoices for all transactions for which a paper invoice currently is issued.
A VAT on the supply of goods and all services
The rules are designed to prevent erosion of the tax base through the transfer of net operating losses.
Changes to Mexico’s industrial property law that apply as from 25 April 2018 acknowledge the protection of “geographical indicators and introduce an extended period of protection for industrial designs.
The new version of the form requests additional information on the taxpayer and each transaction with foreign related parties, as well as comparable transactions/companies used in the transfer pricing analysis.
A draft bill presented on 16 April 2018 would introduce significant changes to the taxation of corporations, including a reduction in the corporate income tax rate.
- 2017 BEPS global survey
- Artificial Intelligence (AI) series
- World Tax Advisor
- Deloitte International Tax Source
- BEPS: Base Erosion and Profit Shifting
- Country Highlights
- Deloitte tax@hand
- Latin America M&A Guide 2017
- Deloitte Legal in Latin America
- Common Reporting Standard (CRS) Newsletter