latin america in focus newsletter


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.


Major tax reform enacted

A major overhaul of Argentina’s tax system that generally applies as from 1 January 2018 includes changes that affect the taxation of both residents and nonresidents.

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New tax treatment of certain oil and gas activities converted into law

A provisional measure on the new tax treatment of certain oil and gas activities in Brazil was converted into law and published in the official gazette on 28 December 2017.

CbC reporting requirements for exchange relationships activated after 2017

The tax authorities have introduced CbC reporting obligations in Brazil.

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New tax treaty signed with UAE 

The governments of Colombia and the United Arab Emirates have signed a tax treaty, and commercial and investment protection agreements.

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Costa Rica

Incentives for electric vehicles enacted

Costa Rica enacted a law on 25 January 2018 that introduces incentives for electric vehicles to encourage the use of cleaner technologies to protect the environment.

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New rules introduced on dissolution and winding up of companies

A decree published in Mexico’s official gazette on 24 January 2018 amends several provisions of the General Law on Commercial Companies relating to the procedure for the dissolution / winding up of companies.

Lack of business purpose as factor in determining sham transactions

A Mexican court has ruled that the tax authorities can take into account the fact that a transaction lacks a business purpose where the authorities discover during a tax audit that the transaction is not reflected in the taxpayers accounting books. 

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New transfer pricing reporting obligations clarified

A decree amends Peru’s income tax legislation and provides guidance on new formal transfer pricing documentation requirements.

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Contact us

For more information, please contact Americas Tax & Legal.

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Note: Latin America in Focus is not intended to be an inclusive update for all Latin America countries, but rather features key developments in the countries covered.

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