Argentina’s Federal Tax Authority (AFIP), pursuant to Resolution No. 4815/2020, has established an additional 35 percent tax on transactions subject to the PAIS Tax.

Passed by the National Congress on December 23, 2019 through
Continue Reading Argentina adds 35 percent tax on transactions subject to PAIS Tax – digital service providers take note

The following is a guest post from Bergstein Law in Uruguay

Free Trade Zones (“FTZs”) play a key role in the attraction of foreign investment to Uruguay.  It is estimated that over last decade total accumulated investments in the FTZs amounted to more than USD$5.7 billion, thus becoming one of the main drivers of the Uruguayan economy.

All sorts of activities can be conducted in the FTZs: manufacturing, trade, warehouse, logistics, and services and across all industry sectors of multinationals, including but not limited to soft beverages (PepsiCo), pulp-mills (UPM), asset-managers (Julius Baer), advisory services (the big four included), printing manufacturers (Lexmark), toy industry (Sony) and pharmaceuticals.

Free Trade Zones are specifically delimited areas of the Uruguayan territory in which operations of all types can be conducted at zero tax. FTZsare governed by a legal regime which has been in place for more than 25 years and serve as distribution, trading, logistics, financial and services hub in the region. 
Continue Reading URUGUAY – FREE TRADE ZONES: An Overview

A recent report published by the United Nations’ Economic Commission for Latin America and the Caribbean (CEPAL) calculated that Latin American countries have lost more than US$98 billion in tax revenues simply  due to transfer pricing manipulation.

Latin American countries are paying close attention to such reports, leading to changes in their local regulations or approaches to audits related to transfer pricing.


Continue Reading Latin American countries focus on new legislation around tax and transfer pricing – independence limitations in Ecuador