Legal insights on issues important to Latin America
23 September 2021 | 4:15 – 5:15 p.m. EDT
Join us in Miami as we celebrate the recent launch of Bridgeford International, the addition of Helmer Arizmendy to Bridgeford’s team, and present a very…
Continue Reading Peru, Colombia and Mexico: The Power of US Trusts for Latin American Families
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
On October 19, 2020, Argentina’s Federal Tax Authority (AFIP, for its acronym in Spanish) issued General Resolution 4838/2020, which establishes an information regime on tax planning (hereinafter the Tax Planning Regime), including regulations for its…
Continue Reading Argentina: Tax Planning Information Regime – General Resolution AFIP 4838/2020
Rio de Janeiro State Resolution n° 231, from March 23, 2018, establishes certain obligations for taxpayers who enjoy tax benefits for the provision of data to the National Tax Transparency website (CONFAZ), in which shall…
Continue Reading TAX ALERT – INFORMATION ABOUT TAX BENEFITS – SEFAZ/RJ
The following is a guest post by Guzman Ramírez from Bergstein Abogados, an independent law firm in Uruguay.
Uruguay offers a number of tax advantages to multinationals. This has become especially so in the wake…
Continue Reading Tax advantages of Uruguayan holding companies
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.
