The Commission of the Financial Market (CMF) is now the sole regulatory body with authority over Chile’s financial system.
The change arises from Law No. 21,130, published in the
Law 21.131, also known as “30-Day Payment Law” (the “Law”), became effective on May 16th, 2019.
Maximum Payment Term
The Law establishes a maximum payment term of 60 calendar days since the date the…
In effect since May 07, 2019, Peru’s Supreme Decree No. 145-2019-EF established certain parameters in an effort to identify and sanction tax avoidance mechanisms.
The Peruvian general anti-avoidance rule (GAAR) was enacted in 2012; however, through Legislative Decree No. 1121, it was suspended until the issuance of regulations to allow its application.…
Brazilian President Jair Bolsonaro has approved Law 166/2019, the so-called compliant debtors law, modifying the country’s credit scoring system. The new rules will come into force on July 9, 2019.
The credit scoring system has …