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

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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

Como Funciona a Taxupdate?

A Taxupdate opera por meio de um avançado processo tecnológico, focalizando na análise minuciosa dos diários oficiais em âmbitos federal, estadual e municipal. Utilizando sua tecnologia avançada, a empresa filtra com precisão as informações relevantes para cada setor, oferecendo um serviço altamente eficaz. Em seguida, uma equipe de renomados advogados tributaristas assume o cenário. Esses … Continued

Ecuador: REGULATIONS TO THE NEW TAX ON NON-RETURNABLE PLASTIC BOTTLES

Last November 24th, Executive Decree No.929 was published in Ecuador, establishing the procedure for purposes of reporting and paying the Tax on No-Returnable Plastic Bottles (“PET” bottles) (“IRBP”) established by Decree-Law No. 877, as well as the requirements, conditions, and limits applicable to payments to transformer recyclers. These regulations apply at the national level to … Continued

Bolivia: Unified Farming Regime Deadlines Extension

Through Normative Resolution 102300000033 the Bolivian Tax Authorities publishes the deadlines extension until November 30th, 2023 applicable to (i) FY 2022 Unified Farming Regime (“RAU”) Tax Returns filing and payment obligations and (ii) the RAU Non-Taxability Certificate of this Regime processing. https://lnkd.in/dftFf29r

TaxUpdate: Operating in Brazil and Latin America for Taxation and Compliance

TaxUpdate, a renowned Brazilian Legaltech, showcases its expertise in the realm of Taxation and Compliance, revealing a comprehensive operational scope that encompasses both the national territory and a substantial portion of Latin America. With over 15 years of dedicated market presence, TaxUpdate establishes itself as an experienced and trustworthy entity within the industry. Where Does … Continued

DOMINICAN REPUBLIC: AUTOMATIC DECLARATION OF STATUTE OF LIMITATIONS – ABBREVIATED TAX AUDIT PROCEDURE – PAYMENT PLANS

DOMINICAN REPUBLIC: AUTOMATIC DECLARATION OF STATUTE OF LIMITATIONS – ABBREVIATED TAX AUDIT PROCEDURE – PAYMENT PLANS. Yesterday, Law No. 51-23, passed by the Congress of the Dominican Republic on August 10th, 2023, was made available. This law establishes (i) an automatic declaration of the statute of limitations period, (ii) an abbreviated audit procedure, and (iii) … Continued