By: Manuel López-Zambrana | Janine Guzman | Juan Feliciano

On June 22, 2020, the Puerto Rico Treasury Department (“PRTD”) issued Internal Revenue Circular Letter 20-29 (“IRCL 20-29”) to extend the period until December 31, 2020
Continue Reading Puerto Rico extends period for individuals to receive qualified retirement and individual retirement plan distributions for disaster relief

By: Antonio Macias ValdesAugusto Mancinelli

After four extensions over the past year, the final Argentina Transfer Pricing Documentation Regulations (General Resolution N 4717) have been published and these final regulations are effective for
Continue Reading Argentina publishes Transfer Pricing Documentation Regulations: more clarity, more documentation

Guest post from Bergstein Law of Uruguay

On June 28, 2019 the European Union and the MERCOSUR group − comprised of Argentina, Brazil, Paraguay and Uruguay − reached a mutual understanding  over a trade agreement. Both sides have been negotiating such an agreement for 20 years. European Commission President Jean-Claude Juncker calls this the largest trade agreement the European Union has ever concluded.
Continue Reading After 20 years of negotiations, EU and MERCOSUR reach understanding on free trade agreement

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.
Continue Reading Peru: suspension of the general anti-avoidance rule has been lifted