🚨 Panama Introduces Economic Substance Rules for Foreign Passive Income: A Landmark Reform of Its Territorial Tax System For the first time in Panama’s modern territorial tax system, certain categories of foreign-source passive income earned through Panamanian entities that are members of multinational groups may become subject to Panamanian taxation if newly introduced economic substance … Continued
🚨 Uruguay | Investment Promotion Regime Update Uruguay has issued Decree No. 329/2025, introducing a substantial redesign of its Investment Promotion Regime under Law 16,906, aimed at accelerating growth while making incentives more targeted, measurable, and impact-driven. Key Highlights: 🔹 Strategic refocus: Clean Technologies are replaced by Environmental Sustainability, and R&D now includes Technological Adaptation … Continued
During the final days of 2025 and throughout 2026, the Argentine Government is expected to advance a comprehensive tax reform agenda, to be implemented in several stages amid an active parliamentary schedule. As a first step towards modernizing, simplifying, and reducing the overall burden of the Argentine Tax System, on December 27th, 2025, the Argentine … Continued
During the final days of 2025 and throughout 2026, the Argentine Government is expected to advance a comprehensive tax reform agenda, to be implemented in several stages amid an active parliamentary schedule. As a first step towards modernizing, simplifying, and reducing the overall burden of the Argentine Tax System, on December 27th, 2025, the Argentine … Continued
CHILE: NEW GUIDANCE ON “MOST-FAVORED-NATION” (MFN) CLAUSES: KEY IMPACTS ON WITHHOLDING TAX RATES ACROSS MULTIPLE DOUBLE TAX TREATIES. Chile has signed Double Tax Treaties (“DTTs”) with several jurisdictions that include a Most-Favored-Nation (“MFN”) clause. Under these provisions, if Chile subsequently grants a lower withholding tax (WHT) rate or an exemption for certain types of income … Continued
On March 26th, the Chilean Official Gazette published Law No. 21,735, which creates a new social security pensions system, improves the universal guaranteed pension – and amends the applicable Laws and Regulations, accordingly. The following key provisions may be highlighted: Employers’ Contributions to the Pensions System A contribution of 8.5% of the taxable wages/remunerations of … Continued
The Colombian Tax Authorities published Resolution No. 000008, dated January 31st, 2025, which adjusts the Gasoline National Tax, the ACPM Tax, and the Carbon National Tax basis, tariffs, and rates, effective February 1st, 2025. As of February 1st, 2025, the Gasoline National Tax and the ACPM shall be assessed over the taxable bases and related … Continued
The Argentine Official Gazette published General Resolution No. 5617/2024, establishing an Income Tax and Wealth Tax Collection Regime similar to the one established by General Resolution No. 4815 ( hereby repealed) associated with the Tax for an Inclusive and Solidary Argentina (“PAIS Tax”) – effective until December 22nd, 2024, inclusively -. Since the PAIS Tax and the … Continued
Today, the Peruvian Official Gazette published Law No. 32,201 which sets forth an Income Tax Exceptional Regime promoting the formalization of the economy and the widening of the fiscal base of individual – undivided estates – marital partnership taxpayers domiciled in the country during 2022 who decide to report or repatriate and invest in Perú their … Continued
