Why Customization is Key to Success for Companies

In today’s dynamic business environment, customization is no longer a luxury—it’s a necessity. TaxUpdate understands this better than anyone, which is why our platform is designed to adapt to the unique needs of each client. Here’s why this level of customization is a game-changer for companies striving for tax compliance and operational efficiency: 1. Tailored … Continued

What is TaxUpdate?

TaxUpdate stands out as a Brazilian-origin Legaltech, focusing on the realms of Taxation and Compliance, with a comprehensive presence that spans across the entire national territory and a significant portion of Latin America. Its market history extends beyond 15 years, solidifying its status as an experienced and dependable company. Specializing in tailored Tax Compliance solutions, … Continued

ARGENTINA: ARGENTINA – LUXEMBOURG DOUBLE TAX TREATY FOR AIRLINES INTERNATIONAL TRANSPORTATION-SOURCE INCOME

Today, the Argentine Official Gazette published Law No. 27,774 which approves the Argentina – Luxembourg Income Tax and Wealth Tax Reciprocal Exemption concerning Income Arising from Aircrafts’ International Transportation Operations (“DTT”) signed on June 24th, 2004. We highlight the following aspects of this Treaty:

ARGENTINA – CHINA DOUBLE TAX TREATY AND PROTOCOL PROMULGATION

Today, the Argentine Official Gazette published Law No. 27,780 which approves the Argentina – China Double Tax Treaty (“DTT”) signed on December 2nd, 2018. We highlight the following aspects of this Treaty: 1. Dividends: 10% – 15% rates apply (10% applies in case the beneficial owner is a company that has directly held at least 25% … Continued

URUGUAY: URUGUAY – COLOMBIA DOUBLE TAX TREATY AND PROTOCOL PROMULGATION.

Today, the Uruguayan Official Gazette published Today, the Uruguayan Official Gazette published Law No. 20,367 which approves the Argentina – Turkey Double Tax Treaty (“DTT”) signed on November 19th, 2021. We highlight the following aspects: a. Scope: (i) In line with Action 2 of the Basis Erosion and Profit Shifting (BEPS) Plan, it sets forth … Continued

URUGUAY – UNITED STATES OF AMERICA TAX INFORMATION EXCHANGE AGREEMENT

Last Friday, the Uruguayan Official Gazette published Law No. 20,351 which approves the Uruguay – United States of America Tax Information Exchange Agreement (“TIEA”) signed on October 24th, 2013. We highlight the following aspects: 1.The competent authorities of both countries agree to assist each other by exchanging relevant tax information on the administration and application … Continued

Unlock Tax Efficiency in LATAM with TaxUpdate: Your Ultimate Solution

Discover TaxUpdate LATAM – your ultimate solution for streamlined tax management in Latin America. Access specialized consultancy and personalized reports tailored to your needs. Request your Free Trial now! #TaxUpdate #TaxConsultancy #Efficiency #FreeTrial

CHILE – USA DOUBLE TAX TREATY AND PROTOCOL PROMULGATION.

On January 29th, the Chilean Official Gazette published the promulgation of the Chile – United States of America (“USA”) Double Tax Treaty (“DTT”) signed on February 4th, 2010, and effective December 19th, 2023. We highlight the following aspects: However: (i) if at any time under the domestic law of Chile the First Category Tax ceases … Continued

ARGENTINA: EXTRAORDINARY PAYMENT ON ACCOUNT OF INCOME TAX – HYDROCARBON SECTOR 

An Extraordinary Payment on Account of Income Tax for the Hydrocarbon Sector was published today in the Official Gazette of Argentina through General Resolution No. 5453/2023.  Entities carrying out any of the activities below shall be subject to the payment on account obligations provided that in the FY 2022 or FY 2023 Income Tax return, … Continued