Legislative modification project in Uruguay

Taxability of certain foreign income obtained by corporations without substance. The Executive Branch of Uruguay (EP) released the bill introducing new provisions in the Income Tax on Economic Activities (IRAE) to comply with the commitment assumed with the European Union (EU) and to adjust some aspects that could be considered potentially harmful and encourage unfair … Read more

Jurisprudence

Pilar dos

Province of Misiones: questioning of the payment on account regime in the gross income tax. Recently, the Supreme Court had the opportunity to rule in a case related to the much questioned regime of payment on account of the gross income tax, which the Province of Misiones established some years ago, preventing the entry of … Read more

In Latin America, automatic exchange of information with the U.S. is in force in Brazil, Colombia, Costa Rica, Honduras, Mexico, Panama, Peru and the Dominican Republic.

There was no success in the negotiation for the signing of a bilateral intergovernmental agreement (IGA) between the Internal Revenue Service (AFIP) and the U.S. federal tax collection agency, the Internal Revenue Service (IRS), for the automatic exchange of financial information. This has frustrated the Argentine government’s expectations of receiving packaged online information on Argentines … Read more

Is there an exchange of financial information with the United States of America?

In Latin America, automatic exchange of information with the U.S. is in force in Brazil, Colombia, Costa Rica, Honduras, Mexico, Panama, Peru and the Dominican Republic. There was no success in the negotiation for the signing of a bilateral intergovernmental agreement (IGA) between the Internal Revenue Service (AFIP) and the U.S. federal tax collection agency, … Read more

LATAM Transfer Pricing Outlook – November 2022

We share a new installment of PT Perspectives in Latin America, a window into current transfer pricing issues in our region. In this edition we tell you about: – Mexico: Transfer Pricing Information Returns Applicable for 2022 – Chile: New Sanctions Related to Transfer in Bolivia – Colombia: Concept of significant economic presence – Argentina: … Read more

Analysis | Income Tax Modification Bill

Félix José Rolando, Tax Partner of Andersen Argentina, analyzes the new Income Tax Modification Project –Creationof the Tax on Higher Income. Traditionally, the essential characteristic of the Argentine income tax is its capacity to measure the taxable income (obtained in different categories) of each taxpayer, i.e., it is a personal and unitary tax, where for … Read more

4 keys to the energy sector in Argentina

According to the Andersen LATAM Corporate Insights analysis, Argentina stands out as a country with immense energy potential. Below, we share four key facts that provide a complete picture of the country‘s energy sector. 1- The Vaca Muerta shale basin is one of the largest unconventional oil and gas reserves in the world: this gives … Read more