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an Income Tax and Wealth Tax Collection Regime similar to the one established by General Resolution No. 4815 ( hereby repealed) associated with the Tax for an Inclusive and Solidary Argentina (“PAIS Tax”) – effective until December 22nd, 2024, inclusively -.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
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
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
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:
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
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
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
